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:

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The process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.

Organizing

The process of arranging resources and tasks to achieve objectives efficiently and effectively.

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