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The price elasticity of supply of hot dog buns is estimated to be 1 . 5 . Holding everything else constant, this means that a
The price elasticity of supply of hot dog buns is estimated to be Holding everything else constant, this means that a percent decrease in the price of hot dog buns will cause the quantity of hot dog buns supplied to decrease by
a percent.
b percent.
c approximately percent.
d approximately percent.
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