Multiple Choice
When the price of good A rises from $100 to $120 a unit,the quantity supplied increases from 10,000 to 12,000 units.The elasticity of supply at a price of $110 a unit is
A) 0.625.
B) 0.8.
C) 1.25.
D) 0.2.
E) 1.0.
Correct Answer:
Verified
Correct Answer:
Verified
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