Multiple Choice
OLED television prices rise by 10 percent, and in response the quantity of those OLED televisions supplied increases by 5 percent. The supply elasticity for OLED television sets in that price range is
A) 0.5.
B) 1.5.
C) 2.0.
D) -2.0.
Correct Answer:
Verified
Correct Answer:
Verified
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