question archive The initial price of picture frames is $6 and suppliers offer 30 frames
The initial price of picture frames is $6 and suppliers offer 30 frames
Subject:EconomicsPrice:2.88 Bought3
The initial price of picture frames is $6 and suppliers offer 30 frames. When the price falls to $4, suppliers offer only 10.
The price elasticity of supply is:
a. 0.67.
b. 0.40.
c. 0.33.
d. 0.60.
e. 1.67.
