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    Economics Today Study Set 1
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    Exam 19: Demand and Supply Elasticity
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    When Quantity Supplied Is NOT Very Responsive to a Change
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When Quantity Supplied Is NOT Very Responsive to a Change

Question 277

Question 277

Multiple Choice

When quantity supplied is NOT very responsive to a change in price, supply is


A) elastic.
B) unit-elastic.
C) inelastic.
D) income sensitive.

Correct Answer:

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