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In the Graph Above, What Is the Price Elasticity of Supply

Question 308

Multiple Choice

  In the graph above, what is the price elasticity of supply (using the midpoint formula) between points A and B? A) 1 B) 3 C) 2 D) 1/3 In the graph above, what is the price elasticity of supply (using the midpoint formula) between points A and B?


A) 1
B) 3
C) 2
D) 1/3

Correct Answer:

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