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If the price elasticity of supply for a good over a certain price range is...

If the price elasticity of supply for a good over a certain price range is 0.8, the increase in the quantity supplied of that good, following a 10% increase in its price, will be

A.

0.8%

B.

8.0%

C.

18%

D.

80%

CIMA BA1 Summary

  • Vendor: CIMA
  • Product: BA1
  • Update on: Jul 28, 2025
  • Questions: 468
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