Suppose when the price of novels goes from $15 to $20 per book, production increases from 760 million books to 840 million books per year. Using the mid-point method, what is the price elasticity of supply?
A) 0.77
B) 2.85
C) 2.0
D) 0.35

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The Answer of Suppose when the price of novels goes from $15 to $20 per book, production increases from 760 million books to 840 million books per year. Using the mid-point method, what is the price elasticity of supply?
A) 0.77
B) 2.85
C) 2.0
D) 0.35

Suppose When the Price of Novels Goes from $15 to $20