Ceteris Paribus, If a 4 Percent Increase in Price Leads

question 102

Multiple Choice

Ceteris paribus, if a 4 percent increase in price leads to a 6 percent increase in the quantity supplied, then which of the following best describes the supply?

• A) The supply is elastic.
• B) The supply is unit elastic.
• C) The supply curve is perfectly vertical.
• D) The supply is inelastic.

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Cancer Research

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Harvard University

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Steven Pinker

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