Suppose that, at the regular price of $50 for a package of six, the supply of LED light bulbs was 100. After the price decreased to $40, the supply increased to 200. Which of the following BEST describes the elasticity of supply for the light bulbs?a. It is inelastic; the elasticity of supply equals 0.5.It is inelastic; b. the elasticity of supply equals 0.8.It is elastic; c. the elasticity of supply equals 2.It is elastic; d. the elasticity of supply equals 5.

Comparative financial statements for weller corporation, a merchandising company, for the year ending december 31 appear below. the company did not issue any new common stock during the year. a total of 800,000 shares of common stock were outstanding. the interest rate on the bonds, which were sold at their face value, was 12%. the income tax rate was 40% and the dividend per share of common stock was $0.40 this year. the market value of the company's common stock at the end of the year was $18. all of the company's sales are on account. time interest earned ratio