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    Principles of Economics Study Set 8
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    Exam 5: Elasticity and Its Application
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    If the Price Elasticity of Supply Is 2 and the Quantity
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If the Price Elasticity of Supply Is 2 and the Quantity

Question 152

Question 152

True/False

If the price elasticity of supply is 2 and the quantity supplied decreases by 6%, then the price must have decreased by 3%.

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