Suppose that when price is $10, quantity supplied is 20 . When price is $6, quantity supplied is 12 . The price elasticity of supply is

Along the portion of the consumption function that lies above the 45-degree line, saving is

A) positive. B) negative. C) equal to zero. D) equal to consumption.

The price elasticity of demand for Rosie's Roses fresh flowers the week of Valentine's Day is 1.10 and is 1.60 other days of the year. If Rosie's Roses faces a constant marginal cost of $0.75 per rose, what is the profit-maximizing off-peak load price to charge on days not on the week of Valentine's Day?

A) $2.00 B) $5.00 C) $8.50 D) $1.25