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

Question 78

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) 0.5.
B) 1.
C) 1.8333.
D) 2.25.
E) 2.

Correct Answer:

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