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Jess Owns a Sandwich Shop

Question 146

Multiple Choice

Jess owns a sandwich shop.The price of a sandwich recently increased from $5 to $7.Jess responded by increasing the quantity of sandwiches she supplied from 70 to 90 per day.Using the midpoint method,Jess's price elasticity of supply is equal to


A) 1.33.
B) 0.75.
C) 3.00.
D) 4.00.
E) 1.50.

Correct Answer:

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