Multiple Choice
A manufacturer produces 400 units when the market price is $10 per unit and produces 600 units when the market price is $12 per unit.Using the midpoint method,for this range of prices,the price elasticity of supply is about
A) 0.45.
B) 2.0.
C) 2.2.
D) 200.
Correct Answer:
Verified
Correct Answer:
Verified
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