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 E and X is:
A) 7/5 = 1.40.
B) 1/5 = 0.20.
C) 5/7 = 0.71.
D) 1.
Correct Answer:
Verified
Correct Answer:
Verified
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