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  3. Study Set
    Microeconomics Study Set 30
  4. Exam
    Exam 6: Describing Supply and Demand: Elasticities
  5. Question
    Refer to the Graph Shown
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Refer to the Graph Shown

Question 83

Question 83

Multiple Choice

Refer to the graph shown. When price rises by 20 percent, quantity supplied rises by 25 percent. Which curve best demonstrates elasticity in this example? Refer to the graph shown. When price rises by 20 percent, quantity supplied rises by 25 percent. Which curve best demonstrates elasticity in this example?   A)  A B)  B C)  C D)  None of the answers is correct.


A) A
B) B
C) C
D) None of the answers is correct.

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