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    Microeconomics Principles for a Changing World
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    Exam 5: Elasticity
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    If the Price of a Product Falls by 15% and the Quantity
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If the Price of a Product Falls by 15% and the Quantity

Question 26

Question 26

True/False

If the price of a product falls by 15% and the quantity supplied falls by 25%, the elasticity of supply is 0.40.

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