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When the Price of a Good Decreases from $10 to $8

Question 134

Multiple Choice

When the price of a good decreases from $10 to $8, the quantity supplied of the good decreases from 80 to 65 units. The price elasticity of supply is

A) 0.75.
B) 0.80.
C) 0.93.
D) 0.60.

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