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Title: If a 5 percent increase in price results in a 3 percent increase in the quantity Post by: Lauren1 on Nov 11, 2014 If a 5 percent increase in price results in a 3 percent increase in the quantity supplied, the elasticity of supply is
A) 0.30. B) 0.60. C) 1.20. D) 1.66. Title: Re: If a 5 percent increase in price results in a 3 percent increase in the quantity Post by: MrDereche on Nov 14, 2014 Content hidden
Title: Re: If a 5 percent increase in price results in a 3 percent increase in the quantity Post by: Lauren1 on Nov 17, 2014 Thank you, this really, really helps :heart:
Title: Re: If a 5 percent increase in price results in a 3 percent increase in the quantity Post by: MrDereche on Nov 17, 2014 You're welcome!
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