University of Maryl. 0 out of 1 points x If the price elasticity of supply for a window manufacturer is 1.5, Selected the manufacturer is likely operating very near capacity. Answer: C. Answers: supply is considered to be inelastic. A. B. a 10% increase in the price of windows results in a 15% increase in the quantity of windows supplied. the manufacturer is likely operating very near capacity. C. All of the above are correct. D. 0 out of 1 poi Question 47 on the market supply curve is vertical?Question 47 0 out of 1 points Which of the following statements is not valid when the market supply curve is vertical? X Selected Answer: Market quantity supplied does not change when the price changes. A. Answers: Market quantity supplied does not change when the price changes. A. Supply is perfectly inelastic. B. An increase in market demand will increase the equilibrium quantity. C. An increase in market demand will increase the equilibrium price. D. 1 out of 1 points Question 48 The discovery of a new hybrid wheat would increase the supply of wheat. As a result, wheat farmers would realize an increase