The Following Figure Depicts the Supply Curve of a Certain

question 169

Multiple Choice

The following figure depicts the supply curve of a certain firm.

-Refer to the figure above.If the elasticity of supply is 0.5 when the quantity changes from 100 to 150,what is the price at the quantity 100?

• A) $2,50
• B) $4
• C) $5
• D) $6

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Definitions:

Medical Deduction

An allowable deduction in U.S. taxes for expenses related to healthcare exceeding a certain percentage of one's adjusted gross income.

Chiropractor's Services

Medical treatments provided by a licensed practitioner focusing on the diagnosis and treatment of neuromuscular disorders, primarily through manual adjustment or manipulation of the spine.

Federal Income Taxes

Taxes levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Itemized Deduction

involves subtracting eligible expenses from one's taxable income, instead of taking the standard deduction. These expenses are listed out or itemized on the tax return.