Multiple Choice
The price elasticity of supply
A) will be positive when supply is elastic and negative when it is inelastic.
B) will be negative when supply is elastic and positive when it is inelastic.
C) will always be positive.
D) will be positive when demand for the good is inelastic.
E) will be positive when demand for the good is elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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