A T-Shirt Maker Would Be Willing to Supply 75 T-Shirts

question 364

Multiple Choice

A t-shirt maker would be willing to supply 75 t-shirts per day at a price of $18.00 each. At a price of $20.00, the t- shirt maker would be willing to supply 100 t-shirts. Using the midpoint method, the price elasticity of supply for t- shirts is about

• A) 0.37, and supply is elastic.
• B) 0.37, and supply is inelastic.
• C) 2.71, and supply is elastic.
• D) 2.71, and supply is inelastid.

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Definitions:

Make-table Query

A type of query in database systems that creates a new table and populates it with data selected from one or more other tables.

Archive Table

A database table used for storing historical records or data that is not actively used but needs to be preserved.

Validation Rules

Criteria established in databases or software applications to ensure that the data entered adheres to specific formats or values.

One-to-many Relationship

A type of database relationship where a single record in one table can be associated with multiple records in another table.