The following data relate to the supply schedule of a product. Over which of the following price ranges is the price-elasticity of supply greater than 1?
A) $10 to $15
B) $15 to $20
C) $20 to $25
D) $25 to $30

Question

The following data relate to the supply schedule of a product.  Over which of the following price ranges is the price-elasticity of supply greater than 1?
A) $10 to $15 
B) $15 to $20 
C) $20 to $25 
D) $25 to $30

Quizplus · Accepted Answer

The Answer of The following data relate to the supply schedule of a product.  Over which of the following price ranges is the price-elasticity of supply greater than 1?
A) $10 to $15 
B) $15 to $20 
C) $20 to $25 
D) $25 to $30

The Following Data Relate to the Supply Schedule of a Product