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Suppose That the Price of a Money Clip Increases from $0.75

Question 202

Multiple Choice

Suppose that the price of a money clip increases from $0.75 to $0.90 and quantity supplied rises from 8000 units to 10000
Units.Use the midpoint formula to calculate the price elasticity of supply.


A) 1.22
B) 1.0
C) 0.82
D) 0.07

Correct Answer:

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