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19. If the Price Elasticity of Supply is 2.5, then what does this mean? A) Producers are not responsive to the market price. B) Producers

19. If the Price Elasticity of Supply is 2.5, then what does this mean?

A) Producers are not responsive to the market price.

B) Producers are responsive to the market price.

C) Producers can't do nothing after the figure goes above 2.

D) None of the responses above are correct.

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