The price rises from $12 to $13, and Qs rise from 95 to 100 Column A Column B 1. % change in quantity a. 8.0 4 2. % change in price b. inelastic 3. Elasticity of Supply C. 64 4. The supply curve is d. 5.13

Exploring Economics
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ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter6: Elasticities
Section: Chapter Questions
Problem 14P: Isabella always spends $50 on red roses each month and simply adjusts the quantity she purchases as...
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The price rises from $12 to $13, and Qs rise from 95 to 100
Column A
Column B
1.
% change in quantity
a. 8.0
4
2.
% change in price
b. inelastic
3.
Elasticity of Supply
C. .64
4.
The supply curve is
d. 5.13
Transcribed Image Text:The price rises from $12 to $13, and Qs rise from 95 to 100 Column A Column B 1. % change in quantity a. 8.0 4 2. % change in price b. inelastic 3. Elasticity of Supply C. .64 4. The supply curve is d. 5.13
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