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Exhibit 5-8 Supply and Demand Curves for Good X

Question 156

Multiple Choice

Exhibit 5-8 Supply and demand curves for good X
​ Exhibit 5-8 Supply and demand curves for good X ​ -In Exhibit 5-8, the price elasticity of supply for good X between points E and X is: A) 7/5 = 1.40. B) 1/5 = 0.20. C) 5/7 = 0.71. D) 1.
-In Exhibit 5-8, the price elasticity of supply for good X between points E and X is:


A) 7/5 = 1.40.
B) 1/5 = 0.20.
C) 5/7 = 0.71.
D) 1.

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