Suppose that when price is $10, quantity supplied is 20 . When price is $6, quantity supplied is 12 units. The price elasticity of supply is:
a. 0.5.
b. 0.8.
c. 1.0.
d. 1.5.
e. 2.0.
c
Economics
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Explain the condition where society would be better off when more of a good is produced
What will be an ideal response?
Economics
The price of one country's currency in terms of another country's currency is called the
A) exchange rate. B) interest rate. C) Dow Jones industrial average. D) prime rate.
Economics