If a 15% change in price results in a 20% change in quantity supplied, then the price elasticity of supply is about a. 0.75, and supply is elastic. b. 1.33, and supply is elastic. c. 1.33, and supply is inelastic. d. 0.75, and supply is inelastic.
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Home » Business » If a 15% change in price results in a 20% change in quantity supplied, then the price elasticity of supply is about a. 0.75, and supply is elastic. b. 1.33, and supply is elastic. c. 1.33, and supply is inelastic. d. 0.75, and supply is inelastic.