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Home Q & A Board Other Fields Homework Help Business Economics
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hiusy98 hiusy98
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7 years ago
Assume the elasticity of of supply for a particular good has been estimated to equal 1.8. In this case, a 10 percent increase in product price would cause the quantity supplied to:
A) decrease by 1.8 percent.
B) increase by 1.8 percent.
C) decrease by 18 percent.
D) increase by 18 percent.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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toogootoogoo
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hiusy98 Author
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#2
7 years ago
I owe you my life lol
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