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If a good's price elasticity of supply is inelastic and its quantity supplied increases by 5%, its (2 points) price must have increased by more
If a good's price elasticity of supply is inelastic and its quantity supplied increases by 5%, its (2 points)
price must have increased by more than 5% | |
supply must have increased by 4% | |
price must have increased by 4% | |
quantity supplied must have increased by 5 units | |
price must have decreased by more than 5% |
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