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  3. Study Set
    Foundations of Macroeconomics
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    Exam 5: Elasticities of Demand and Supply
  5. Question
    If the Price Doubles and the Quantity Supplied Also Doubles,the
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If the Price Doubles and the Quantity Supplied Also Doubles,the

Question 305

Question 305

Multiple Choice

If the price doubles and the quantity supplied also doubles,the price elasticity of supply for the good is


A) -1.
B) 1.
C) -2.
D) 2.
E) 100 percent.

Correct Answer:

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