Multiple Choice
When the price of a textbook is $95,the quantity of textbooks supplied is 90 million a year and when the price rises to $105,the quantity of textbooks supplied is 110 million a year.The supply of textbooks is
A) elastic
B) perfectly elastic
C) inelastic
D) perfectly inelastic
E) unit elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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