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If the price of an item changes by 8% and quantity supplied changes from 600 units to ...

If the price of an item changes by 8% and quantity supplied changes from 600 units to 660 units, the price elasticity of supply is
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  • A 0.80
  • B 1.25
  • C 2.00
  • D 10.00
Correct Answer: Option B
Explanation:

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