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Consider the Market in the Graph Shown

Question 117

Multiple Choice

Consider the market in the graph shown. Using the mid-point method, what is the price elasticity of supply when the price increases from $40 to $60? A) 1.67 B) 0.4 C) 0.67 D) 0.60 Consider the market in the graph shown. Using the mid-point method, what is the price elasticity of supply when the price increases from $40 to $60?


A) 1.67
B) 0.4
C) 0.67
D) 0.60

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