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Refer to the Accompanying Figure

Question 12

Multiple Choice

Refer to the accompanying figure. If the price rises from $10 to $14, what will happen to the price elasticity of supply? Refer to the accompanying figure. If the price rises from $10 to $14, what will happen to the price elasticity of supply?   A) It increases. B) It decreases. C) It stays the same. D) This cannot be determined from the information provided.


A) It increases.
B) It decreases.
C) It stays the same.
D) This cannot be determined from the information provided.

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