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If the supply of milk is elastic , then the (short run) supply curve is _____ and a 15% increase in the price of milk

If the supply of milk iselastic, then the (short run) supply curve is _____ and a 15%increasein the price of milk will _____.

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upward sloping and relatively flat; increase the quantity supplied by more than 15%.

downward sloping and relatively steep; decrease the quantity supplied by more than 15%.

upward sloping and relatively steep; increase in the quantity supplied by more than 15%.

upward sloping and relatively steep; increase the quantity supplied by less than 15%.

upward sloping and relatively flat; increase the quantity supplied by less than 15%.

upward sloping and relatively flat; decrease the quantity demanded by more than 15%.

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