If a Firm Supplies 200 Units at a Price of $50

question 63

Multiple Choice

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