Multiple Choice
If the percentage change in quantity supplied is 0% 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.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q64: The elasticity of demand for gasoline is
Q65: A decrease in supply will always<br>A)increase producer
Q66: The demand for electricity is more elastic
Q67: A decrease in demand will decrease prices
Q68: The total revenue/expenditure rule of elasticity suggests
Q70: If the price of a good increases
Q71: For a linear and upward sloping supply
Q72: When there is an increase in the
Q73: If the price rises and the total
Q74: For a given increase in supply, the