Table 6-7
The town of Bloomfield is well known for its basketball team. The price of basketball game tickets is determined by market forces. Table 6-7 above shows the demand and supply schedules for basketball games tickets.
-Refer to Table 6-7. What is the numerical value of the price elasticity of supply?
A) 1
B) greater than 0 but less than 1
C) 0
D) greater than 1

Question

Table 6-7
  The town of Bloomfield is well known for its basketball team. The price of basketball game tickets is determined by market forces. Table 6-7 above shows the demand and supply schedules for basketball games tickets.
-Refer to Table 6-7. What is the numerical value of the price elasticity of supply?
A) 1 
B) greater than 0 but less than 1 
C) 0 
D) greater than 1

Quizplus · Accepted Answer

The Answer of Table 6-7
  The town of Bloomfield is well known for its basketball team. The price of basketball game tickets is determined by market forces. Table 6-7 above shows the demand and supply schedules for basketball games tickets.
-Refer to Table 6-7. What is the numerical value of the price elasticity of supply?
A) 1 
B) greater than 0 but less than 1 
C) 0 
D) greater than 1

Table 6-7 the Town of Bloomfield Is Well Known for Known