Question

Month Price Quantity Supplied January $28 113 February $26 106 March $25 99 April $23 92 May $39 155 What is price elasticity of supply for February? Group of answer choices 0.86 0.59 0.44 1.06 

          Month Price Quantity Supplied
January $28 113
February $26 106
March $25 99
April $23 92
May $39 155
What is price elasticity of supply for February?
Group of answer choices
0.86
0.59
0.44
1.06

Added by Antonia M.

Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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Month Price Quantity Supplied January $28 113 February $26 106 March $25 99 April $23 92 May $39 155 What is price elasticity of supply for February? Group of answer choices 0.86 0.59 0.44 1.06
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Transcript

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00:01 Hi, it's given that d of p is minus 5p plus 136 for the a part at p is equal to 19.
00:17 The quality demand it will be minus 5 into 19 plus 136 that is equal to minus 95 plus 136 that will be 41.
00:40 D dash of p is minus 5.
00:46 So the price elasticity of the demand at the price p is equal to 19 it will be minus 5 into 19 by 41 which is equal to minus 95 by 41...
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