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Which of the Following Statements Is True Regarding the Price

Question 119

Multiple Choice

Which of the following statements is true regarding the price elasticity of supply?


A) The price elasticity of supply is always negative.
B) The price elasticity of supply is always positive.
C) The price elasticity of supply will be greater when suppliers have a shorter time to respond to a price change.
D) None of the above statements are true.

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