If a 30 Percent Change in Price Causes a 15

question 75

Multiple Choice

If a 30 percent change in price causes a 15 percent change in quantity supplied,then the price elasticity of supply is

• A) 0.5,and supply is elastic.
• B) 0.5,and supply is inelastic.
• C) 2,and supply is inelastic.
• D) 2,and supply is elastic.

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