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Homework answers / question archive / At a price of $150, a cell phone company manufactures 200,000 units
At a price of $150, a cell phone company manufactures 200,000 units. At a price of $250, the company manufactures 400,000 units. What is the price elasticity of supply?
a. 0
b. 0.75
c. 0.80
d. 1.33
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