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33. Arnie recently purchased the Mill Town Square Mall in Philadelphia. Attempting to explain the elasticity of supply to shop owners in the mall, he tells them that the price elasticity of supply measures: O the responsiveness of quantity supplied to changes in price. O the response of supply to changes in technology and changes in price. O the responsiveness of supply to changes in input prices. the responsiveness of supply to changes in technology.

33. Arnie recently purchased the Mill Town Square Mall in Philadelphia. Attempting to explain the elasticity of supply to shop owners in the mall, he tells them that the price elasticity of supply measures: O the responsiveness of quantity supplied to changes in price. O the response of supply to changes in technology and changes in price. O the responsiveness of supply to changes in input prices. the responsiveness of supply to changes in technology.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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33. Arnie recently purchased the Mill Town Square Mall in Philadelphia. Attempting to explain the elasticity of supply to shop owners in the mall, he tells them that the price elasticity of supply measures: O the responsiveness of quantity supplied to changes in price. O the response of supply to changes in technology and changes in price. the responsiveness of supply to changes in input prices. ○ the responsiveness of supply to changes in technology.
Transcribed Image Text:33. Arnie recently purchased the Mill Town Square Mall in Philadelphia. Attempting to explain the elasticity of supply to shop owners in the mall, he tells them that the price elasticity of supply measures: O the responsiveness of quantity supplied to changes in price. O the response of supply to changes in technology and changes in price. the responsiveness of supply to changes in input prices. ○ the responsiveness of supply to changes in technology.
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