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If Price Increases from $45 to $55,the Market Quantity Supplied

Question 99

Multiple Choice

If price increases from $45 to $55,the market quantity supplied increases from 20 units per week to 30 units per week.The price elasticity of supply is _____


A) 0.5.
B) 1.
C) 1.83.
D) 2.25.
E) 2.

Correct Answer:

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