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:
Verified
Q143: A vertical supply curve
A)is impossible except in
Q144: The elasticity of supply for airplane travel
Q145: When the price of good A rises
Q146: Supply is inelastic if
A)a small percentage change
Q147: The elasticity of supply for airplane travel
Q149: A 3 percent rise in the price
Q150: Suppose the price of a television set
Q151: Long-run supply is
A)more elastic than momentary supply
Q152: When the price of a DVD is
Q153: If a 10 percent increase in price
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents