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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 5: Elasticity of Demand and Supply
  5. Question
    Exhibit 5-18 Use the Information in Exhibit 5-18 to Calculate
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Exhibit 5-18 Use the Information in Exhibit 5-18 to Calculate

Question 38

Question 38

Multiple Choice

Exhibit 5-18 Exhibit 5-18   Use the information in Exhibit 5-18 to calculate the price elasticity of supply for restaurant meals. A) 7 B) 2 C) 1/2 D) 3/5 E) 5/3 Use the information in Exhibit 5-18 to calculate the price elasticity of supply for restaurant meals.


A) 7
B) 2
C) 1/2
D) 3/5
E) 5/3

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