During the Covid-19 pandemic that hits the world, the demand for personal computers and laptops has increased significantly due to online learning. One of the popular brands is Lenovo. The monthly supply of Lenovo laptops is given by the equation QS = 15,000 + 43.75P. If the current price for Lenovo laptops is $800, what is the price elasticity of supply for this brand? О а. 0.7 O b. 0.9 О с. 0.75 O d. No correct answers.
During the Covid-19 pandemic that hits the world, the demand for personal computers and laptops has increased significantly due to online learning. One of the popular brands is Lenovo. The monthly supply of Lenovo laptops is given by the equation QS = 15,000 + 43.75P. If the current price for Lenovo laptops is $800, what is the price elasticity of supply for this brand? О а. 0.7 O b. 0.9 О с. 0.75 O d. No correct answers.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section5.3: Determinants Of Price Elasticity Of Demand
Problem 1YTE: According to the previous discussion, what factors influence the price elasticity of demand for...
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Transcribed Image Text:During the Covid-19 pandemic that hits the world, the demand for personal computers and laptops has
increased significantly due to online learning. One of the popular brands is Lenovo. The monthly supply of
Lenovo laptops is given by the equation QS = 15,000 + 43.75P. If the current price for Lenovo laptops is $800,
what is the price elasticity of supply for this brand?
O a. 0.7
O b. 0.9
O c. 0.75
O d. No correct answers.
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