The following data relate to the supply schedule of a product.
Price ($ Per Unit) Quantity Supplies (Units Per Week)
5 100
10 200
15 250
20 300
25 350
30 500
Over which of the following price ranges is the price-elasticity of supply greater than 1?
(A) $25 to $30
(B) $10 to $15
(C) $20 to $25
(D) $15 to $20
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Home » Business » The following data relate to the supply schedule of a product. Price ($ Per Unit) Quantity Supplies (Units Per Week) 5 100 10 200 15 250 20 300 25 350 30 500 Over which of the following price ranges is the price-elasticity of supply greater than 1?