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When the market price of a good decreases by 10 percent, the quantity supplied stays the same. What does this indicate about the elasticity of
When the market price of a good decreases by 10 percent, the quantity supplied stays the same. What does this indicate about the elasticity of supply? Group of answer choices Supply for the good is unit elastic. Supply for the good is perfectly elastic. Demand for the good is perfectly inelastic. Supply of the good is perfectly inelastic.When the market price of a good increases even a little, the quantity demanded falls to zero. What does this indicate about the elasticity of demand? Group of answer choices Demand for the good is perfectly elastic. Demand for the good is unit elastic. Demand for the good is perfectly inelastic. Supply of the good is elastic
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