Multiple Choice
Suppose a producer decides that if the price of her product is $42, the quantity supplied will be 1,000 units, and if the price is $45, the quantity supplied will be 1,300. The price elasticity of supply for the good is approximately
A) +1.9.
B) -0.26.
C) +0.26.
D) -3.8.
E) +3.8.
Correct Answer:
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