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  3. Study Set
    Survey of Economics Principles
  4. Exam
    Exam 4: Elasticity: A Measure of Responsiveness
  5. Question
    If the Price Elasticity of Supply Is 3, Supply Is
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If the Price Elasticity of Supply Is 3, Supply Is

Question 124

Question 124

Multiple Choice

If the price elasticity of supply is 3, supply is


A) unaffected by price changes.
B) inelastic.
C) unit elastic.
D) elastic.

Correct Answer:

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