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If Price Increases from $45 to $55, the Market Quantity

Question 75

Multiple Choice

If price increases from $45 to $55, the market quantity supplied increases from 20 units per week to 30 units per week.The price elasticity of supply is


A) 1/2 = 0.5
B) 1.0
C) 11/6 = 1.8333
D) 9/4 = 2.25
E) 2.0

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