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When the Price of a T-Shirt Is $9,the Quantity Supplied

Question 148

Multiple Choice

When the price of a t-shirt is $9,the quantity supplied is 9,500.When the price of a t-shirt is $11,the quantity supplied is 10,500.At the price of $10 a t-shirt,the


A) supply of t-shirts is elastic.
B) supply of t-shirts is inelastic.
C) supply of t-shirts is unit elastic.
D) demand for t-shirts is elastic.
E) supply of t-shirts is perfectly inelastic.

Correct Answer:

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