If the Quantity of Walkie-Talkies Supplied Increases by 5 Percent

question 249

Multiple Choice

If the quantity of walkie-talkies supplied increases by 5 percent when price increases by 12 percent, then

• A)the supply of walkie-talkies is inelastic.
• B)the supply of walkie-talkies is elastic.
• C)the walkie-talkie supply curve will shift to the right.
• D)the walkie-talkie supply curve will shift to the left.

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