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If an Increase in Price from $1 to $2 Per

Question 193

Multiple Choice

If an increase in price from $1 to $2 per unit leads to an increase in quantity supplied from 20 to 100 units, then the value of price elasticity of supply is


A) 0.38
B) 2
C) 2.67
D) 4
E) 8

Correct Answer:

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