As the price of beachfront cottages in Florida was raised from $400,000 to $500,000, their quantity supplied rose from 2,000 to 2,100. Rounding to the nearest tenth, the elasticity of supply of beachfront cottages is:
A. 4.6.
B. 0.4.
C. 1.0.
D. 0.2.
Answer: D
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