Multiple Choice
Firms supplying twisty-ties decrease the quantity supplied of inputs by 10 percent when the price decreases by 5 percent.The price elasticity of supply for twisty-ties is
A) 4.0.
B) 0.4.
C) 2.0.
D) 0.2.
E) 1.0.
Correct Answer:
Verified
Correct Answer:
Verified
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