urses/610602b60a5fe56bbcea829/assignments/90db6ee1-2-22-41bc-a79b-18a38fe34307/pages/urpearsonentity425 Question 1 New T

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Urses 610602b60a5fe56bbcea829 Assignments 90db6ee1 2 22 41bc A79b 18a38fe34307 Pages Urpearsonentity425 Question 1 New T 1 (136.57 KiB) Viewed 62 times

urses/610602b60a5fe56bbcea829/assignments/90db6ee1-2-22-41bc-a79b-18a38fe34307/pages/urpearsonentity425 Question 1 New Tab 3 tries left Question 2 of 5 When the price of maple syrup rises from $9 a bottle to $11 a bottle, the quantity of maple syrup supplied increases from 49 million bottles to 51 million bottles. What is the price elasticity of supply of maple syrup? The price elasticity of supply of maple syrup is The quantity of soda supplied increases by 5 percent when the price of soda rises by 5 percent, other things remaining the same. Is the supply of soda inelastic, elastic, or unit elastic? The supply of soda is O A 1.25 A inelastic B. 0.80 ОООО B. perfectly inelastic C 5.00 Celastic D. 0.20 O D. unit elastic Submit Try again The price elasticity of supply is equal to the percentage change in the quantity supplied divided by the percentage change in price. What is the value of the Tab Question 4 of 5 Quesuon 5 of 5 --of 3 points --of 3 points Question 4 Question 5 3 tries left 3 tries left if the price elasticity of supply of roses is 1.8, what is the effect of a rise in the price of a rose, other things remaining the same? in the market for roses, Why is the supply of chocolates more elastic than the supply of roses? There are two main reasons: The daily production of chocolates is change than that of roses and chocolate is to store than roses. to A easier, easier B. easier harder a 10 percent rise in the price increases the quantity of roses supplied by 18 percent O B if the price of a rose doubles growers will increase the supply of roses by 36 percent e the price of a rose will se by 18 percent if growers increase the quantity supplied by 10 percent Charder easier Du harder harder c D. the supply of roses will double if the price rises by 36 percent