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luannamw86 luannamw86
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10 months ago

Exhibit 20-3



Price

of Good A

Quantity

Demanded

of Good A

Quantity

Supplied

of Good A

$5.50

5

55

$4.50

15

45

$3.50

25

35

$2.50

35

25

$1.50

45

15

$0.50

55

5


Refer to Exhibit 20-3. When price decreases from $3.50 to $2.50, the price elasticity of supply is



▸

0.



▸

1.0.



▸

5.0.



▸

0.1.



▸

0.5.

Textbook 
Economics

Economics


Edition: 12th
Author:
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anitasaganitasag
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10 months ago
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luannamw86 Author
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10 months ago
Good timing, thanks!
missnoname
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ky
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Just got PERFECT on my quiz
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