Suppose the price of university sweatshirts increases from $10 to $20 and the quantity supplied increases from 20 to 30. The price elasticity of supply, using the midpoint formula, is:

A) 0.66.

B) 1.50.

C) 0.60.

D) 1.66.

Skip to content
# Suppose the price of university sweatshirts increases from $10 to $20 and the quantity supplied increases from 20 to 30. The price elasticity of supply, using the midpoint formula, is:

Let's find answer to your question.

A) 0.66.

B) 1.50.

C) 0.60.

D) 1.66.