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Business, 14.12.2021 17:50 jackbruski
Suppose an increase in the price of hamburger from $3 to $4 leads to an
increase in quantity supplied from 100 units to 150 units. At the original
price, the price elasticity of supply for hamburger is _ so supply is _
Select one:
O
a. 2/3; elastic
b. 1.4; elastic
C. 2/3; inelastic
d. 1.4; inelastic
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Suppose an increase in the price of hamburger from $3 to $4 leads to an
increase in quantity suppl...
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