Consider the market in the graph shown. Using the mid-point method, what is the price elasticity of supply when the price increases from $4 to $7?
A)1.13
B)0.4
C)0.45
D)0.89

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 $4 to $7?
A)1.13 
B)0.4 
C)0.45 
D)0.89

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 $4 to $7?
A)1.13 
B)0.4 
C)0.45 
D)0.89

Consider the Market in the Graph Shown