question archive If the price elasticity of supply is 0
If the price elasticity of supply is 0
Subject:EconomicsPrice:2.88 Bought3
If the price elasticity of supply is 0.8, and price increased by 5%, quantity supplied would
a. Decrease by 6.25%
b. Decrease by 4%
c. Increase by 6.25%
d. Increase by 4%
Option 1
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