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If a 30 Percent Change in Price Causes a 15

Question 75

Multiple Choice

If a 30 percent change in price causes a 15 percent change in quantity supplied,then the price elasticity of supply is

A) 0.5,and supply is elastic.
B) 0.5,and supply is inelastic.
C) 2,and supply is inelastic.
D) 2,and supply is elastic.

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