Multiple Choice
Tomas produces 100 cartons of free range eggs when the price is $5 and 150 cartons of free range eggs when the price is $7.What is the value of Tomas's price elasticity of supply?
A) 1.2
B) 2.0
C) 1.0
D) 3.2
Correct Answer:
Verified
Correct Answer:
Verified
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