Multiple Choice
When the price of a DVD is $9,the quantity supplied is 4,000.When the price of a DVD is $11,the quantity supplied is 6,000.What is the elasticity of supply when the price of a DVD is $10?
A) 0.5
B) 0.8
C) 1.0
D) 2.0
E) 20.0
Correct Answer:
Verified
Correct Answer:
Verified
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