A Candle Manufacturer Produces 4,000 Units When the Market Price

question 28

Multiple Choice

A candle manufacturer produces 4,000 units when the market price is $11 per unit and produces 6,000 units when the market price is $13 per unit.Using the midpoint method,for this range of prices,the price elasticity of supply is about

• A)6.
• B)2.4.
• C)0.4.
• D)0.67.

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The complete count of all employed individuals within the United States, including both private and public sectors.

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