When the Price of Perfume Changes from $24 to $26

question 62

Multiple Choice

When the price of perfume changes from $24 to $26, the quantity supplied increases from 100 jars to 150 jars. What is the elasticity of supply of perfume?

• A) 0.04
• B) 25.0
• C) 5.0
• D) 0.2

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