1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VashaNatasha [74]
3 years ago
12

your friend rita sells live bamboo trees. she's willing to supply 100 5-gallon buckets of bamboo trees for 80 dollars a bucket,

and she's willing to supply 200 at that price. what is the mathematical value of rita's price elasticity of supply and how would you categorize her supply elasticity?
Advanced Placement (AP)
1 answer:
Kryger [21]3 years ago
6 0

Answer:

E_s = 0.9

It's inelastic

Explanation:

Formula for elasticity of supply is;

E_s = % change in quantity supplied/% change in price

The percentage will cancel out so, we are left with;

E_s = change in quantity supplied/ change in price

Change in quantity supplied = (200 - 100)/((200 + 100)/2) = 3/5

Price for 100 buckets = 100 × 80 =$8000

Price for 200 buckets = 200 × 80 = $16000

Change in price = (16000 - 8000)/((8000 + 16000)/2) = 2/3

Thus:

E_s = (3/5) ÷ (2/3)

E_s = 0.9

Now, this price elasticity supply value is less than 1. Thus, it can be categorized as being inelastic.

You might be interested in
Good morning how are yall doing
love history [14]

Great, how are you?                                              

5 0
2 years ago
Read 2 more answers
How were religion and politics connected in the New England colonies?
lys-0071 [83]
They where connected to the history of N-Words
5 0
3 years ago
What holioday is your favorite if you answer correct you get brainliest <br><br> 100 points
Pavlova-9 [17]

Answer:

Christmas because it is Jesus's birthday and we give gifts to other's and it's just fun to put up the Christmas tree and all the lights and stuff so yeah. Not to mention, it kinda gets us closer to our families.

8 0
3 years ago
Read 2 more answers
PSYCHOLOGY QUESTION
Elenna [48]
B. Sharp mental acuity

Mental acuity refers to being mentally sharp. If you're mentally sharp, you have an excellent memory, and you find it easy to complete different tasks. Lack of sleep can effect this.
8 0
3 years ago
Read 2 more answers
How are the chemical senses different from the non-chemical senses?
rusak2 [61]
<span>The Chemical Senses: Taste and Smell. Taste. The stimuli for taste are chemical substances dissolved in water or other fluids. Taste can be described as four basic sensations, sweet, sour, salty, and bitter, which can be combined in various ways to make all other taste sensations. Hope this helps!</span>
8 0
3 years ago
Other questions:
  • The behavior of a new employee who watches how his new colleagues behave is a. exuding a minority influence. b. displaying infor
    6·2 answers
  • Shutter speed affects how much light enters the camera and aperture affects how long the light enters the camera.
    10·2 answers
  • Is when a person has physical symptoms for which there is no physical cause
    5·1 answer
  • How did the Atlantic Slave trade impact world history?
    13·1 answer
  • What is the significance of second continental congress and what resulted from it?
    14·2 answers
  • Suppose you count backward from 45. Some people consider 13 an unlucky number. You count back 12 odd numbers. At what number wou
    12·1 answer
  • Forms of art depend upon _____________________
    6·2 answers
  • Please help if you’re good at psychology
    12·2 answers
  • What is psuedopsychology?
    15·1 answer
  • who the hell caused the shot heard around the world (If you know this your god) BRAINLIEST AND POINTS IF RIGHT
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!