Consider the Market in the Graph Shown

question 92

Multiple Choice

Consider the market in the graph shown. Using the mid-point method, what is the price elasticity of supply when the price increases from $40 to $60?

• A)1.67
• B)0.4
• C)0.67
• D)0.60

---

Definitions:

Flesh and Blood

A phrase used to denote a living human being, often emphasizing common human nature or familial bonds.

RUPA

The Revised Uniform Partnership Act, which governs the operation of partnerships in the United States.

Jointly and Severally

A legal term indicating that parties can be held responsible together or individually for a debt or obligation.