An 18 percent increase in the price of a small car results in a 10 percent increase in the quantity supplied. The price elasticity of supply is equal to
A) 1.80.
B) 0.55.
C) 0.75.
D) 0.40.

Question

Quizplus · Accepted Answer

The Answer of An 18 percent increase in the price of a small car results in a 10 percent increase in the quantity supplied. The price elasticity of supply is equal to
A) 1.80.
B) 0.55.
C) 0.75.
D) 0.40.

An 18 Percent Increase in the Price of a Small