Multiple Choice
When the price of a basketball is $15,the quantity supplied is 5,000.When the price increases to $20,the quantity supplied is 10,000.The price elasticity of supply is
A) 2.33.
B) 0.67.
C) 0.33.
D) 0.43.
E) 0.29.
Correct Answer:
Verified
Correct Answer:
Verified
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