Multiple Choice
If the supply curve for news magazines is an upward-sloping line and goes through the point (quantity supplied = 0,price = $1.00) ,then the price elasticity of supply for news magazines is
A) less than one.
B) greater than one.
C) perfectly inelastic.
D) equal to the price elasticity of demand for news magazines.
Correct Answer:
Verified
Correct Answer:
Verified
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