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    Economics for Today
  4. Exam
    Exam 5: Elasticity of demand and supply
  5. Question
    In the Very Short Run
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In the Very Short Run

Question 56

Question 56

Multiple Choice

In the very short run:


A) the price elasticity of supply is very elastic.
B) the price elasticity of demand is very elastic.
C) the cross elasticity of demand is very inelastic.
D) income elasticity is very elastic.
E) the price elasticity of supply is very inelastic.

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