sgoodenough7345 sgoodenough7345

06-02-2024
Mathematics

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If the price elasticity of supply is 1.5, and a price increase led to a 1.8 percent increase in quantity supplied, then the price increase is about:
a. 1.20 percent
b. 2.70 percent
c. 0.83 percent
d. 0.67 percent

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