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Question 5 (1 point) When the price of a basketball is $20, the quantity supplied is 6,000. When the price increases to $25, the quantity

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Question 5 (1 point) When the price of a basketball is $20, the quantity supplied is 6,000. When the price increases to $25, the quantity supplied is 9,000. The price elasticity of supply for basketballs is O elastic. O inelastic. O unit elastic. O perfectly inelastic. O perfectly elastic

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