If the price elasticity of supply is 0.7, and a price increase led to a 4.2 percent increase in quantity supplied, then the price increase is about
A)0.17 percent.
B)2.94 percent.
C)6.00 percent.
D)5.00 percent.

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The Answer of If the price elasticity of supply is 0.7, and a price increase led to a 4.2 percent increase in quantity supplied, then the price increase is about
A)0.17 percent.
B)2.94 percent.
C)6.00 percent.
D)5.00 percent.

If the Price Elasticity of Supply Is 0