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    Exam 20: Elasticity
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    Exhibit 20-3 -Refer to Exhibit 20-3.When Price Decreases from $1.50 to $0.50,the
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Exhibit 20-3 -Refer to Exhibit 20-3.When Price Decreases from $1.50 to $0.50,the

Question 185

Question 185

Multiple Choice

Exhibit 20-3
Exhibit 20-3    -Refer to Exhibit 20-3.When price decreases from $1.50 to $0.50,the price elasticity of supply is A)  0. B)  1.0. C)  5.0. D)  0.1. E)  0.5.
-Refer to Exhibit 20-3.When price decreases from $1.50 to $0.50,the price elasticity of supply is


A) 0.
B) 1.0.
C) 5.0.
D) 0.1.
E) 0.5.

Correct Answer:

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