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  3. Study Set
    Principles of Economics
  4. Exam
    Exam 5: Elasticity and Its Application
  5. Question
    If the Elasticity of Supply of a Product Is Greater
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If the Elasticity of Supply of a Product Is Greater

Question 123

Question 123

Multiple Choice

If the elasticity of supply of a product is greater than zero, then supply is:


A) elastic
B) inelastic
C) unit elastic
D) there is not enough information to answer the question

Correct Answer:

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