If price increases from $45 to $55, the market quantity supplied increases from 20 units per week to 30 units per week. The price elasticity of supply is:
A)0.5.
B)1.
C)1.8333.
D)2.25.
E)2.

Question

If price increases from $45 to $55, the market quantity supplied increases from 20 units per week to 30 units per week. The price elasticity of supply is:​
A)0.5.
B)1.
C)1.8333.
D)2.25.
E)2.

Quizplus · Accepted Answer

The Answer of If price increases from $45 to $55, the market quantity supplied increases from 20 units per week to 30 units per week. The price elasticity of supply is:​
A)0.5.
B)1.
C)1.8333.
D)2.25.
E)2.

If Price Increases from $45 to $55, the Market Quantity