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    Principles of Economics Study Set 12
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    Exam 4: Subtleties of the Supply and Demand Model
  5. Question
    The Price Elasticity of Supply Is a Unit-Free Measure and Uses
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The Price Elasticity of Supply Is a Unit-Free Measure and Uses

Question 121

Question 121

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The price elasticity of supply is a unit-free measure and uses percentage changes in quantity supplied and price to measure how sensitive supply is to a change in price.

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