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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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