Multiple Choice
In the late 1980s,the health benefits of oat bran were widely advertised.If the price of oats increased 50%,causing the quantity of oats supplied to increase by 40%,then the price elasticity of supply was
A) 1.25.
B) -1.25.
C) -0.80.
D) 0.80.
Correct Answer:
Verified
Correct Answer:
Verified
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