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

Question 11

Question 11

True/False

If the elasticity of supply is .5,then a 10% decrease in price will result in a 5% increase in quantity supplied.

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