A pharmaceutical company hired two analysts to independently calculate the elasticity of supply of its product. According to Analyst A, the price elasticity of supply for the company is 0.36, and according to Analyst B, the price elasticity of supply is 0.88 . Assuming that neither analyst has made a mistake in calculations, it can be concluded that:
a. Analyst A studied the data for a longer
period of time than Analyst B.
b. Analyst A studied the data for a shorter period of time than Analyst B.
c. the data provided by the company had variations in it.
d. the average of the two values can provide the accurate price elasticity of supply.
b
Economics
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