Suppose a producer decides that if the price of her product is $42, the quantity supplied will be 1,000 units, and if the price is $45, the quantity supplied will be 1,300. The price elasticity of supply for the good is approximately
A)+1.9.
B)-0.26.
C)+0.26.
D)-3.8.
E)+3.8.

Question

Quizplus · Accepted Answer

The Answer of Suppose a producer decides that if the price of her product is $42, the quantity supplied will be 1,000 units, and if the price is $45, the quantity supplied will be 1,300. The price elasticity of supply for the good is approximately
A)+1.9.
B)-0.26.
C)+0.26.
D)-3.8.
E)+3.8.

Suppose a Producer Decides That If the Price of Her