Suppose that the value of the price of a product decreased from $2.10 to $1.90, and the
Fantastic news! We've Found the answer you've been seeking!
Question:
Suppose that the value of the price of a product decreased from $2.10 to $1.90, and the quantity supplied decreased from 24 to 16. What is the value of supply elasticity?
Select one:
A.
- 4.0.
B.
+ 0.25.
C.
- 0.25.
D.
+ 3.47.
E.
+ 4.0.
Posted Date: