Multiple Choice
If the quantity supplied of tomatoes rises from 7 million to 9 million kilograms when the price rises from $3.50 to $4.50 per kilogram,then the numerical value of the price elasticity of supply is:
A) 1.0
B) 1.3
C) 0.8
D) 2.0
E) 0.5
Correct Answer:
Verified
Correct Answer:
Verified
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