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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

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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 are responsive to the market price. (3) Producers can't do anything after the gure goes above 2. D) None of the responses above are correct

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