Consider the market in the graph shown. Using the mid-point method, what is the price elasticity of supply when the price increases from $40 to $60?
A)1.67
B)0.4
C)0.67
D)0.60

Question

Consider the market in the graph shown. Using the mid-point method, what is the price elasticity of supply when the price increases from $40 to $60?
A)1.67 
B)0.4 
C)0.67 
D)0.60

Quizplus · Accepted Answer

The Answer of  Consider the market in the graph shown. Using the mid-point method, what is the price elasticity of supply when the price increases from $40 to $60?
A)1.67 
B)0.4 
C)0.67 
D)0.60

Consider the Market in the Graph Shown