Four firms make furniture. The table gives the price elasticity of supply (PES) for each firm. If the price of furniture goes up by 5%, which firm would see quantity supplied rise by 2.5%?
- Afirm A PES 2.5
- Bfirm B PES 2.0
- Cfirm C PES 0.6
- Dfirm D PES 0.5