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Which of the following statements is true ? A . EIasticity of supply= Percentage change in price Percentage change in quantity supplied B. Products or

Which of the following statements is true ? A . EIasticity of supply= Percentage change in price Percentage change in quantity supplied B. Products or services in which inputs are readily available have a more elastic supply . . When a large proportion of income is spent on a product or service , the more elastic the supply will be . D. None of the above is true

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