According to the text, one study found the price elasticity of supply for child-care workers to be:

Question

Quizplus · Accepted Answer

The text states that "one study found that the price elasticity of supply for child-care workers was about 2." This means that a 1% increase in wages would lead to a 2% increase in the number of child-care workers available. Therefore, the price elasticity of supply for child-care workers is greater than zero, making options A and B incorrect. The text does not suggest that the price elasticity of supply is impossible to estimate, making option D incorrect.

According to the Text, One Study Found the Price Elasticity