Multiple Choice
On a certain supply curve,one point is (quantity supplied = 200,price = $4.00) and another point is (quantity supplied = 250,price = $4.50) .Using the midpoint method,the price elasticity of supply is about
A) 0.22.
B) 0.53.
C) 1.00.
D) 1.89.
Correct Answer:
Verified
Related Questions
Q54: In January the price of widgets was
Q55: Figure 5-14 Q56: On a certain supply curve,one point is Q57: In January the price of dark chocolate Q58: A t-shirt maker would be willing to Q60: At price of $1.25,a paper manufacturer is Q61: If the price elasticity of supply for![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents