Multiple Choice
The price of a dozen eggs rises from $3 to $4.70. In response to this price change, quantity supplied increases from 100,000 dozen eggs to 127,000 dozen eggs. What is the approximate price elasticity of supply for eggs?
A) 1.86
B) 3.52
C) 0.48
D) 2.5
Correct Answer:
Verified
Correct Answer:
Verified
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