When the Price of Good a Rises from $100 to $120

question 91

Multiple Choice

When the price of good A rises from $100 to $120 a unit,the quantity supplied increases from 10,000 to 12,000 units.The elasticity of supply at a price of $110 a unit is

• A)0.625.
• B)0.8.
• C)1.25.
• D)0.2.
• E)1.0.

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Judgemental Role

A position within a decision-making process where evaluation, assessment, and determination based on evidence or insight are required.

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