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    Exam 6: Demand and Elasticity
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    If the Price Elasticity of Supply of Doodads Equals 0
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If the Price Elasticity of Supply of Doodads Equals 0

Question 99

Question 99

Multiple Choice

If the price elasticity of supply of doodads equals 0.50 and the price rises by 3 percent, then the quantity supplied of doodads will rise by ____.


A) 0.50 percent.
B) 1.50 percent.
C) 6.00 percent.
D) 15 percent.

Correct Answer:

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