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When Price Increases from $90 to $120, the Quantity Supplied

Question 174

Multiple Choice

When price increases from $90 to $120, the quantity supplied changes from 2,400 to 3,000 units. The price elasticity of supply in this case is:


A) 0.20.
B) 0.25.
C) 0.75.
D) 1.33.

Correct Answer:

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