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Ceteris paribus , if an 8% increase in price leads to a 6% increase in the quantity supplied, then (SK of BC) 3 points Select
Ceteris paribus, if an 8% increase in price leads to a 6% increase in the quantity supplied, then (SK of BC) 3 points
Select one:
Select one:
a.supply is elastic
b.supply is unit elastic
c.the supply curve is perfectly horizontal
d.supply is inelastic.
e.the supply curve is perfectly vertical
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