Multiple Choice
Suppose that when the price of a good is $10, quantity supplied is 20 and when the price is $6, quantity supplied is 12. The price elasticity of supply (measured by point elasticity method) is:
A) 0.5.
B) 0.8.
C) 1.
D) 1.5.
Correct Answer:
Verified
Correct Answer:
Verified
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