Multiple Choice
The price of a dozen eggs falls from $3 to $2.70. In response to this price change, the quantity supplied of eggs falls from 100,000 dozen eggs to 75,000 dozen eggs. What is the price elasticity of supply for eggs?
A) 2.7
B) 0.37
C) 0.5
D) 2
Correct Answer:
Verified
Correct Answer:
Verified
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