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:

Verified
Correct Answer:
Verified
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