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If the price elasticity of supply is -0.5 and the price increases by 10%, what is the change in quantity supplied?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter19: Elasticity

Section19.1: Elasticity: Part 1

Problem 2ST: What does a price elasticity of demand of 0.39 mean?

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If the price elasticity of supply is -0.5 and the price
increases by 10%, what is the change in quantity
supplied?

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