Multiple Choice
Exhibit 5-8 Supply and demand curves for good X
In Exhibit 5-8, the price elasticity of supply for good X between points Y and E is:
A) 1/5 = 0.20.
B) 5/3 = 1.66.
C) 3/5 = 0.60.
D) 1.
Correct Answer:
Verified
Correct Answer:
Verified
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