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A Rise in the Price of Cabbage from $14 to $18

Question 356

Multiple Choice

A rise in the price of cabbage from $14 to $18 per bushel increases the quantity supplied from 4,000 to 6,000 bushels. The elasticity of supply is

A) 0.6.
B) 0.8.
C) 1.0.
D) 1.6.

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