The following data relate to the supply schedule of a product.PriceQuantity Supplied$51001020015250203002535030500Using the regular percentage change formula, what is the price elasticity of supply when price increases from $15 to $20?
A. unit elastic
B. perfectly elastic
C. inelastic
D. elastic
Answer: C
Economics
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Indicate whether the statement is true or false
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a. true b. false
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