Using the midpoint method-price elasticity of supply

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A t-shirt maker would be willing to supply 75 t-shirts per day at a price of $18.00 each. At a price of $20.00, the t-shirt maker would be willing to supply 100 t-shirts. Using the midpoint method, the price elasticity of supply for t-shirts is about

A. 0.37, and supply is elastic.

B. 2.71, and supply is elastic.

C. 2.71, and supply is inelastic.

D. 0.37, and supply is inelastic.

Reference no: EM13885701

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