On a Certain Supply Curve,one Point Is (Quantity Supplied =

question 46

Multiple Choice

On a certain supply curve,one point is (quantity supplied = 200,price = $4.00) and another point is (quantity supplied = 250,price = $4.50) .Using the midpoint method,the price elasticity of supply is about

• A)0.22.
• B)0.53.
• C)1.00.
• D)1.89.