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
Correct answer is B
No explanation has been provided for this answer.
