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The price elasticity of supply is 6. This means that O a 10 percent increase in price would increase quantity supplied by 60 percent. O a $10 increase in price would increase quantity supplied by 60. a 10 percent increase in quantity will occur when price increases by 0.6 percent. Oa 10 percent increase in quantity will occur when price increases by 6 percent.

The price elasticity of supply is 6. This means that O a 10 percent increase in price would increase quantity supplied by 60 percent. O a $10 increase in price would increase quantity supplied by 60. a 10 percent increase in quantity will occur when price increases by 0.6 percent. Oa 10 percent increase in quantity will occur when price increases by 6 percent.

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The price elasticity of supply is 6. This means that a 10 percent increase in price would increase quantity supplied by 60 percent. a S10 increase in price would increase quantity supplied by 60. a 10 percent increase in quantity will occur when price increases by 0.6 percent. a 10 percent increase in quantity will occur when price increases by6 percent.
Transcribed Image Text:The price elasticity of supply is 6. This means that a 10 percent increase in price would increase quantity supplied by 60 percent. a S10 increase in price would increase quantity supplied by 60. a 10 percent increase in quantity will occur when price increases by 0.6 percent. a 10 percent increase in quantity will occur when price increases by6 percent.
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