Suppose that in a month the price of movie rentals increases from $2 to $2.20. At the same time, the quantity of movie rentals supplied increases from 100 to 110. The price elasticity of supply for movie rentals calculated using the initial value formula)is:
A)negative.
B)inelastic.
C)unitary elastic.
D)elastic.

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The Answer of Suppose that in a month the price of movie rentals increases from $2 to $2.20. At the same time, the quantity of movie rentals supplied increases from 100 to 110. The price elasticity of supply for movie rentals calculated using the initial value formula)is:
A)negative.
B)inelastic.
C)unitary elastic.
D)elastic.

Suppose That in a Month the Price of Movie Rentals