When the Price of Computer Printers Decreased from $100 to $85

question 174

Multiple Choice

When the price of computer printers decreased from $100 to $85, the number of computer printers produced fell from 1,000 per week to 850 per week. Using this information, we know the supply of computer printers is

• A) elastic.
• B) inelastic.
• C) unit elastic.
• D) perfectly inelastic.

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