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If the Price of Good Y Falls from $10 to $8

Question 109

Multiple Choice

If the price of Good Y falls from $10 to $8, and the quantity supplied of Good Y falls from 1,000 units to 600 units, the price elasticity of supply is:


A) 2.67.
B) -2.67.
C) 2.25.
D) -2.25.

Correct Answer:

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