If Price Increases 6% and the Quantity Exchanged Decreases 6

question 202

Multiple Choice

If price increases 6% and the quantity exchanged decreases 6%, what does that tell us about the elasticity of supply?

• A)​It tells us nothing about the elasticity of supply.
• B)​Supply is elastic.
• C)​Supply is inelastic.
• D)​Supply is unit elastic.

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Definitions:

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Containers designed to hold medication, featuring a screw-top lid for secure storage and to ensure the medication's integrity.

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