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Home Q & A Board Other Fields Homework Help Business Economics
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thanhha78 thanhha78
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7 years ago
Suppose that the percentage change in supply is 20%, the price elasticity of demand is 3, and the price elasticity of supply is 2. What is the percentage change in the equilibrium price?
A) 4%
B) 5%
C) 15%
D) 20%
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Lightman030Lightman030
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7 years ago
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thanhha78 Author
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7 years ago
You make an excellent tutor!
jbag1237
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Helped a lot
cipcal
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Brilliant ツ
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