Consider the supply for avocado oil per day, which is given byP= 8.7 +Q/7. The elasticity of supply at a price ofP= $24 is _____. We would expect the elasticity of supply to increase if _____.

a.

1.57; we consider weekly supply

b.

0.64; we consider hourly supply

c.

0.64; a fungus destroys a large avocado plantation

d.

0.64; we consider weekly supply

e.

1.57;a fungus destroys a large avocado plantation