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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 0% and the Percentage
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If the Percentage Change in Quantity Supplied Is 0% and the Percentage

Question 43

Question 43

Multiple Choice

If the percentage change in quantity supplied is 0% and the percentage change in price is 5% then the good is


A) Elastic
B) Inelastic
C) Unit elastic
D) Perfectly inelastic

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