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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 6
Suppose that when the price is $10, quantity supplied is 20 units, and when the price is $6, quantity supplied is 12 units. What is the price elasticity of supply?
A) 0.5
B) 0.8
C) 1.0
D) 1.5
A) 0.5
B) 0.8
C) 1.0
D) 1.5
Explanation
Verified
Verified
Now substitute the given value...
Economics for Today 9th Edition by Irvin Tucker
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