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    When the Price of Knee Braces Increased by 25 Percent
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When the Price of Knee Braces Increased by 25 Percent

Question 101

Question 101

True/False

When the price of knee braces increased by 25 percent, the Brace Yourself Company increased its quantity supplied of knee braces per week by 75 percent. BYC's price elasticity of supply of knee braces is 0.33.

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