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Lauren1 Lauren1
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Posts: 4120
Rep: 12 0
9 years ago
If a 5 percent increase in price results in a 3 percent increase in the quantity supplied, the elasticity of supply is
A) 0.30.
B) 0.60.
C) 1.20.
D) 1.66.
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MrDerecheMrDereche
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#1
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9 years ago
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Lauren1 Author
wrote...
#2
9 years ago
Thank you, this really, really helps Heavy Heart
wrote...
#3
9 years ago
You're welcome!
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