If a Supply Curve for a Good Is Price Elastic

question 40

Multiple Choice

If a supply curve for a good is price elastic, then

• A) the quantity supplied is sensitive to changes in the price of that good.
• B) the quantity demanded is insensitive to changes in the price of that good.
• C) the quantity demanded is sensitive to changes in the price of that good.
• D) the quantity supplied is insensitive to changes in the price of that good.

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