If a firm supplies 200 units at a price of $50 and 100 units at a price of $40, using the midpoint method, what is the price elasticity of supply?

A) 0.33
B) 1.00
C) 3.00
D) 5.00
E) 8.50

C

Economics

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The Millennium Development Goals indicate that

a. extreme poverty can only be eliminated by introducing democratic norms. b. the alleviation of extreme poverty is a moral responsibility that cannot be ignored. c. foreign direct investment actually ends up increasing global poverty. d. there is little evidence that institutionalized programs reduce global poverty.

Economics

Compare the characteristics of loans and marketable securities in terms of liquidity, risk, and information costs

What will be an ideal response?

Economics