Given the following diagram, what is the own-price elasticity of supply between points A and B? P S 2/15 а. $60 В b. 3/11 15/2 $30 с. А d. Can't tell; insufficient information 20 24
Given the following diagram, what is the own-price elasticity of supply between points A and B? P S 2/15 а. $60 В b. 3/11 15/2 $30 с. А d. Can't tell; insufficient information 20 24
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Given the following diagram, what is the own-price elasticity of supply between points A and B?
P
S
2/15
а.
$60
В
b. 3/11
15/2
$30
с.
А
d. Can't tell; insufficient information
20
24
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