Multiple Choice
In the World View on gold prices and gold mining,
A) As the price of gold rises,the quantity supplied falls.
B) As the price of gold increases,there is an increase in quantity supplied,indicating that supply is elastic.
C) Miners around the world have had difficulty finding additional sources of gold,indicating that the elasticity of supply is inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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