Multiple Choice
Suppose the price of laptop computers decreases from $550 to $500 and the quantity supplied decreases from 15,000 to 12,000 per week.Using the initial-price method,the price elasticity of supply is
A) 0.2.
B) 1.2.
C) 2.0.
D) 2.2.
Correct Answer:
Verified
Correct Answer:
Verified
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