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If the average price of new homes rose by 15% last year, and, as a result home builders increased the supply of new homes by

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If the average price of new homes rose by 15% last year, and, as a result home builders increased the supply of new homes by 10% the price elasticity of supply is and the supply of new homes is A. 0.67, inelastic B. 1.5; elastic C 0.67: clastic D. 1.5. inelastic

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