Multiple Choice
If a rise in the price of good A from $9 to $11 results in an increase in quantity supplied from 4,000 to 6,000 units, the elasticity of supply is
A) 0.5.
B) 0.8.
C) 1.0.
D) 2.0.
E) 20.0.
Correct Answer:
Verified
Correct Answer:
Verified
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