In January,the price of widgets was $2.00 and Wendy's Widgets produced 100 widgets.In February,the price of widgets was $2.50 and Wendy's Widgets produced 150 widgets.In March,the price of widgets was $3.00 and Wendy's Widgets produced 200 widgets.What is the price elasticity of supply of Wendy's Widgets
A)0.56 when the price increased from $2.00 to $2.50 and 0.64 when the price increased from $2.50 to $3.00
B)1.66 when the price increased from $2.00 to $2.50 and 1.50 when the price increased from $2.50 to $3.00
C)1.80 when the price increased from $2.00 to $2.50 and 1.57 when the price increased from $2.50 to $3.00
D)2.00 when the price increased from $2.00 to $2.50 and 1.66 when the price increased from $2.50 to $3.00

Question

Quizplus · Accepted Answer

The Answer of In January,the price of widgets was $2.00 and Wendy's Widgets produced 100 widgets.In February,the price of widgets was $2.50 and Wendy's Widgets produced 150 widgets.In March,the price of widgets was $3.00 and Wendy's Widgets produced 200 widgets.What is the price elasticity of supply of Wendy's Widgets
A)0.56 when the price increased from $2.00 to $2.50 and 0.64 when the price increased from $2.50 to $3.00
B)1.66 when the price increased from $2.00 to $2.50 and 1.50 when the price increased from $2.50 to $3.00
C)1.80 when the price increased from $2.00 to $2.50 and 1.57 when the price increased from $2.50 to $3.00
D)2.00 when the price increased from $2.00 to $2.50 and 1.66 when the price increased from $2.50 to $3.00

In January,the Price of Widgets Was $2