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  3. Study Set
    Principles of Economics
  4. Exam
    Exam 5: Elasticity and Its Application
  5. Question
    Price Elasticity of Supply Is Defined as the Percentage Change
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Price Elasticity of Supply Is Defined as the Percentage Change

Question 74

Question 74

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Price elasticity of supply is defined as the percentage change in quantity supplied divided by the percentage change in price.

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