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The Supply of Product X Is Perfectly Inelastic If the Price

Question 10

Multiple Choice

The supply of product X is perfectly inelastic if the price of X rises by


A) 2 percent and quantity supplied rises by 3 percent.
B) 10 percent and quantity supplied rises by 10 percent.
C) 6 percent and quantity supplied stays the same.
D) 12 percent and quantity supplied rises by 10 percent.

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