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Suppose price increases 1% and, as a result, quantity supplied increases by 0.35%. In this case supply would be classified as Multiple choice question. elastic.
Suppose price increases 1% and, as a result, quantity supplied increases by 0.35%. In this case supply would be classified as Multiple choice question. elastic. responsive. inelastic. positive
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
