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An Increase in the Price of Golf Clubs from $75

Question 46

Multiple Choice

An increase in the price of golf clubs from $75 to $125 led to an increase in quantity supplied from 200 units to 300 units.The price elasticity of supply for golf club is _____ so the supply curve is _______.


A) 2;elastic
B) 2;inelastic
C) 4/3;elastic
D) 3/4;inelastic

Correct Answer:

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