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    Business
  3. Study Set
    Foundations of Macroeconomics
  4. Exam
    Exam 5: Elasticities of Demand and Supply
  5. Question
    If the Quantity Supplied and the Price Change by the Same
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If the Quantity Supplied and the Price Change by the Same

Question 286

Question 286

Multiple Choice

If the quantity supplied and the price change by the same percentage,then supply is


A) elastic.
B) inelastic.
C) unit elastic.
D) perfectly elastic.
E) perfectly inelastic.

Correct Answer:

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