The following data table relates to the supply schedule of a product. Over which of the following price ranges is the price-elasticity of supply less than 1?
A)$5 to $10
B)$25 to $30
C)It is less than one over all price ranges.
D)$20 to $25

Question

The following data table relates to the supply schedule of a product.  Over which of the following price ranges is the price-elasticity of supply less than 1?
A)$5 to $10 
B)$25 to $30 
C)It is less than one over all price ranges. 
D)$20 to $25

Quizplus · Accepted Answer

The Answer of The following data table relates to the supply schedule of a product.  Over which of the following price ranges is the price-elasticity of supply less than 1?
A)$5 to $10 
B)$25 to $30 
C)It is less than one over all price ranges. 
D)$20 to $25

The Following Data Table Relates to the Supply Schedule of a Product