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Test: AP Microeconomics
1. | Suppose that the price of Good Y increases by 5%. If the quantity supplied of Good Y remains constant, then the price elasticity of supply of Good Y is ________. |
impossible to determine from the information given.
1.
0.
greater than 1.
less than 0.
Catherine
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Siena College, Bachelor in Arts, American Studies. SUNY at Albany, Master of Arts, History.
Gordon
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Arizona State University, Bachelor of Science, Biological and Physical Sciences.
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