If Output in the Calculator Market Increases by 5 Percent

Multiple Choice

If output in the calculator market increases by 5 percent when the price increases by more than 5 percent, then

A) supply is inelastic
B) supply is elastic
C) a small increase in price will cause a leftward shift of the supply curve
D) a small increase in price will cause a rightward shift of the supply curve
E) a large increase in price will cause a large shift of the supply curve