The Price Elasticity of Supply Is Always a Positive Value

question 243

Multiple Choice

The price elasticity of supply is always a positive value because i. there is a direct relationship between the price and the quantity supplied.
Ii. as the equilibrium price increases, the equilibrium quantity also always increases.
Iii. buyers are willing to pay a higher price for larger quantities.

• A)i only
• B)ii only
• C)iii only
• D)i and ii
• E)ii and iii

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Individuals or entities that refuse to acknowledge issues or challenges, often hindering the process of finding effective solutions.

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