The Figure Above Shows the Supply Curve for Roses

question 54

Multiple Choice

The figure above shows the supply curve for roses.
-In the figure above,at the point where the price is $60 per bunch,the price elasticity of supply is

• A) 1.8.
• B) 0.56.
• C) 1.
• D) 1.5.
• E) 0.

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Definitions:

Goodwill

The intangible asset represented by a business's value that exceeds its tangible assets, often arising from brand reputation, customer relations, or patents.

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The offering of shares by a company to the public in order to raise capital.

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