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Assume That a Firm Makes Available 50 More Units of a Good

Question 167

Multiple Choice

Assume that a firm makes available 50 more units of a good at a price of $2 than it made available when the price was $1.What is the price elasticity of supply?


A) It cannot be determined from the information given.
B) .02
C) 25
D) 50
E) .04

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