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 elastic...

Question 1 Report

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