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Suppose That the Price of a Product Increased from $18

Question 7

Multiple Choice

Suppose that the price of a product increased from $18 to $22,and the quantity supplied increased from 200 to 240.What is the value of the supply elasticity?


A) 0.28.
B) 0.91.
C) 1.0.
D) 1.1.
E) 3.6.

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