Refer to the figure below. What is the price elasticity of supply at point A?
A)4
B)2
C)1
D)1/2

Name: Refer to the figure below. What is the price elasticity of supply at point A? A)4 B)2 C)1 D)1/2
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Question

Refer to the figure below. What is the price elasticity of supply at point A? 
A)4 
B)2 
C)1 
D)1/2

Quizplus · Accepted Answer

At point A, the percentage change in quantity supplied is equal to the percentage change in price, indicating a unitary price elasticity of supply. Therefore, the best choice is C.

Refer to the Figure Below