The following data relate to the supply schedule of a product.PriceQuantity Supplied$51001020015250203002535030500The price elasticity of supply (based on the midpoint formula) when price decreases from $25 to $20 is
A. 0.69.
B. 0.51.
C. 1.
D. 0.64.
Answer: A
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A. monetary B. structural C. aggregation D. fiscal
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