The Figure Above Shows the Supply Curve for Roses

question 33

Multiple Choice

The figure above shows the supply curve for roses.
-In the figure above,at the point where the price is $50 per bunch,the price elasticity of supply is

• A) 2.14.
• B) 0.47.
• C) 1.
• D) 3.
• E) 0.33.

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Definitions:

Supervisors

Individuals who oversee and manage the work and performance of others in an organizational setting.

Capable

Having the ability, fitness, or quality necessary to do or achieve a specified thing.

Disillusionment

A feeling of disappointment resulting from the discovery that something is not as good as one believed it to be.

Empower

To grant authority or power to someone, enhancing their control over their own life and decisions.