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Laurent Laurent
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Posts: 803
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6 years ago
If a 5 percent rise in price causes a 20 percent increase in quantity supplied, the elasticity of supply is
A) 1/5.
B) 4.
C) 5.
D) 1/4.
E) 0.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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Laurent Author
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