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    Microeconomics Principles Applications and Tools Study Set 2
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    Exam 5: Elasticity: a Measure of Responsiveness
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    If the Elasticity of Supply Is
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If the Elasticity of Supply Is

Question 52

Question 52

True/False

If the elasticity of supply is .25,then a 10% increase in price will result in a 2.5% increase in quantity supplied.

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