Multiple Choice
Suppose that the value of the price of a product decreased from $2.10 to $1.90,and the quantity supplied decreased from 24 to 16.What is the value of supply elasticity?
A) + 0.25.
B) - 0.25.
C) + 3.47.
D) - 4.0.
E) + 4.0.
Correct Answer:
Verified
Correct Answer:
Verified
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