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When the Price of Computer Printers Decreased from $100 to $85

Question 174

Multiple Choice

When the price of computer printers decreased from $100 to $85, the number of computer printers produced fell from 1,000 per week to 850 per week. Using this information, we know the supply of computer printers is


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

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