Multiple Choice
The initial price of picture frames is $6 and suppliers offer 20 frames.When the price falls to $4,suppliers offer only 10.The price elasticity of supply is
A) 0.33.
B) 0.67.
C) 1.67.
D) 0.60.
E) 0.40.
Correct Answer:
Verified
Correct Answer:
Verified
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