Price (dollars per dozen) 30 50 Quantity supplied (dozens per day) O 0.20 O 1.25. O 5.00. 8 12 The table gives some data on the supply of roses in a small town. When the price rises from $15 a dozen to $25 a doren, the elasticity of supply is O 0.80.

Price (dollars per dozen) 30 50 Quantity supplied (dozens per day) O 0.20 O 1.25. O 5.00. 8 12 The table gives some data on the supply of roses in a small town. When the price rises from $15 a dozen to $25 a doren, the elasticity of supply is O 0.80.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter19: Elasticity

Section: Chapter Questions

Problem 4WNG: The quantity supplied of a good rises from 120 to 140 as price rises from 4 to 5.50. What is the...

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Question

Price
(dollars per dozen)
30
50
Quantity supplied
(dozens per day)
8
12
The table gives some data on the supply of roses in a small town. When the price rises from $15 a dozen to $25 a dozen, the elasticity of supply is
O 0.80.
O 0.20
O 1.25.
O 5.00.

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