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If the price elasticity of supply is 2, and a price decrease led to a 16% decrease in quantity supplied, then by how much the price is decreased?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 3SQP

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