If the quantity of headphones supplied increases 20 percent when the price goes up 15 percent, the price elasticity of s...

Question

Question

If the quantity of headphones supplied increases 20 percent when the price goes up 15 percent, the price elasticity of supply is:

Select one:

a. 15

b. 20

c. 1.33

d. 0.75

Answer 1

Answer #1

Option D is the correct answer. Description is given below:

ELasticty Suppey pan catag changen auaita bupe percetage thu harge in pue lavel Es-20 -3 4 I5 ppey e ta elashcity O.X5

Answer 2

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