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    Principles of Economics Study Set 3
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    Exam 5: Elasticity and Its Application
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    Figure 5-16 -Refer to Figure 5-16.Which Supply Curve Represents Perfectly Inelastic Supply
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Figure 5-16 -Refer to Figure 5-16.Which Supply Curve Represents Perfectly Inelastic Supply

Question 1

Question 1

Multiple Choice

Figure 5-16 Figure 5-16   -Refer to Figure 5-16.Which supply curve represents perfectly inelastic supply? A)  S1 B)  S2 C)  S3 D)  None of the supply curves is perfectly inelastic.
-Refer to Figure 5-16.Which supply curve represents perfectly inelastic supply?


A) S1
B) S2
C) S3
D) None of the supply curves is perfectly inelastic.

Correct Answer:

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