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QUESTION 18 The following data relate to the supply schedule of a product. Price Quantity Supplied $5 100 10 200 15 250 20 300 25

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QUESTION 18 The following data relate to the supply schedule of a product. Price Quantity Supplied $5 100 10 200 15 250 20 300 25 350 30 500 The price elasticity of supply (based on the midpoint formula) when price increases from $15 to $20 is 0.69. 0.64. 1. 0.51

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