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    Principles of Economics
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    Exam 5: Elasticity and Its Applications
  5. Question
    If the Price Elasticity of Supply for Wheat Is Less
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If the Price Elasticity of Supply for Wheat Is Less

Question 180

Question 180

Multiple Choice

If the price elasticity of supply for wheat is less than 1,then the supply of wheat is


A) inelastic.
B) elastic.
C) unit elastic.
D) quite sensitive to change in price.

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