The table below illustrates the supply schedule of maize. Use it to answer this question.
| PRICE(#) | QUANTITY SUPPLIED(kg) |
| 24 | 480 |
| 16 | 400 |
Determine the elasticity of supply for maize
a
0.3
b
0.4
c
0.5
d
0.6
Explanation
Correct Option
bNo explanation available
Video Explanation
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