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    Microeconomics Study Set 45
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    Exam 6: Elasticity
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    The Law of Supply Suggests That the Price-Elasticity of Supply
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The Law of Supply Suggests That the Price-Elasticity of Supply

Question 83

Question 83

Multiple Choice

The law of supply suggests that the price-elasticity of supply is


A) positive.
B) negative.
C) always greater than 1.
D) always less than 1.

Correct Answer:

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