If Price Increases from $45 to $55, the Market Quantity

question 78

Multiple Choice

If price increases from $45 to $55, the market quantity supplied increases from 20 units per week to 30 units per week. The price elasticity of supply is:​

• A)0.5.
• B)1.
• C)1.8333.
• D)2.25.
• E)2.

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