$\begin{array}{c|c} Price (N) & 20 & 16 \ \hline \text{Quantity demanded} & 100 & 58 \end{array}$From the table above, the elasticity of supply is_____?

Question

$\begin{array}{c|c} Price (N) &amp; 20 &amp; 16 \ \hline \text{Quantity demanded} &amp; 100 &amp; 58 \end{array}$From the table above, the elasticity of supply is_____?

Lessonnotes Admin · Accepted Answer

The answer is C. Elastic supply.