If the price of Good Y falls from $10 to $8, and the quantity supplied of it falls from 1,000 units to 600 units, the price elasticity of supply is:
A) 2.67.
B) -2.67.
C) 2.25.
D) -2.25.

Question

Quizplus · Accepted Answer

The Answer of If the price of Good Y falls from $10 to $8, and the quantity supplied of it falls from 1,000 units to 600 units, the price elasticity of supply is:
A) 2.67.
B) -2.67.
C) 2.25.
D) -2.25.

If the Price of Good Y Falls from $10 to $8