Troye is a musician who sells his songs on an online music site. The price of a song download increased by 20% over the past year, and in response, Troye increased the number of songs on the music site by 25%. The price elasticity of supply for Troye's music is, and supply is 0.80; elastic 0.80; inelastic 1.25; elastic O 1.25; inelastic

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Chapter1: Making Economics Decisions
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Troye is a musician who sells his songs on an online music site. The price of a song download increased by 20% over the
past year, and in response, Troye increased the number of songs on the music site by 25%. The price elasticity of supply for
Troye's music is
and supply is.
0.80; elastic
0.80; inelastic
1.25; elastic
O 1.25; inelastic
Transcribed Image Text:Troye is a musician who sells his songs on an online music site. The price of a song download increased by 20% over the past year, and in response, Troye increased the number of songs on the music site by 25%. The price elasticity of supply for Troye's music is and supply is. 0.80; elastic 0.80; inelastic 1.25; elastic O 1.25; inelastic
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