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The Elasticity of Supply of Product X Is Unitary If

Question 184

Multiple Choice

The elasticity of supply of product X is unitary if the price of X rises by


A) 4 percent and quantity supplied rises by 6 percent.
B) 7 percent and quantity supplied rises by 7 percent.
C) 12 percent and quantity supplied stays the same.
D) 5 percent and quantity supplied rises by 2 percent.

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