Answer
Option 5
Elasticity of supply=(change in quantity/average quantity)/(change
in price/average price)
change in quantity=30-20=10
average quantity=(20+30)/2=25
change in price=55-45=10
average price=(55+45)/2=50
Elasticity of supply=(10/25)/(10/50)
=2
Question 17 2 pts If price increases from $45 to $55, the market quantity supplied increases...
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