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    Exam 3: The Concept of Elasticity and Consumer and Producer Surplus
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    If the Percentage Change in Quantity Supplied Is 10% and the Percentage
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If the Percentage Change in Quantity Supplied Is 10% and the Percentage

Question 167

Question 167

Multiple Choice

If the percentage change in quantity supplied is 10% and the percentage change in price is 10% then the supply for the good is


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

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