Multiple Choice
If a rise in the price of good A from $100 to $120 results in an increase in quantity supplied from 10,000 to 12,000 units, then the elasticity of supply is
A) 0.625.
B) 0.8.
C) 1.25.
D) 0.2.
E) 1.0.
Correct Answer:

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Correct Answer:
Verified
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