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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 0
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If the Price Elasticity of Supply Is 0

Question 220

Question 220

True/False

If the price elasticity of supply is 0.5 and the quantity supplied decreases by 6%, then the price must have decreased by 3%.

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