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nguyenduong67 nguyenduong67
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7 years ago
Suppose that in a month the price of movie rentals increases from $2 to $2.20. At the same time, the quantity of movie rentals supplied increases from 100 to 110. The price elasticity of supply for movie rentals (calculated using the initial value formula) is
A) inelastic.
B) elastic.
C) negative.
D) unitary elastic.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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7 years ago
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nguyenduong67 Author
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7 years ago
Thanks for your help!!
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Yesterday
Thanks
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2 hours ago
Thank you, thank you, thank you!
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