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An Increase in the Price of T-Shirts from $20 to $25

Question 227

Multiple Choice

An increase in the price of T-shirts from $20 to $25 causes an increase in the quantity supplied of T-shirts from 12,000 to 14,000.The price elasticity of supply is:


A) 5/2
B) 2/5
C) -2/5
D) 9/13
E) 13/9

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