Solved: You can conclude that the supply of cell phones is price, Business Economics

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You can conclude that the supply of cell phones is price

When the price of cell phones decreased from $16 to $12, production decreased from 2,500 to 1,200 per month. You can conclude that the supply of cell phones is price (indeterminate/ elastic/ inelastic).

When the price of cell phones decreased from $18 to $12, production decreased from 2,000 to 1,200 units per month.

The price elasticity of supply is

(0.8 / 0.4 / 1.25/ None of the above)

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Business Economics: You can conclude that the supply of cell phones is price

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Business Economics: You can conclude that the supply of cell phones is price

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