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Suppose That When Price of a Good Is $10,quantity Supplied

Question 122

Multiple Choice

Suppose that when price of a good is $10,quantity supplied is 20 and when price is $6,quantity supplied is 12.The price elasticity of supply is:

A) 0.5.
B) 0.8.
C) 1.
D) 1.5.
E) 2.

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