Can I get help please and thanks? Can I get help please and thanks? Can I get help please and thanks?
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Can I get help please and thanks?

Can I get help please and thanks?

Can I get help please and

thanks?


IF the price elasticity of supply is 1.0, then this value can be interpreted as


A - quantity supplied decrease 1% for every 1% increase in price.

B - quantity supplied increase 1% for every 1% increase in price.

C - quantity supplied increase 1 unit for every 1% increase in price.

D - quantity supplied increase 10% for every 1% increase in price.

E - an inelastic price elasticity of supply.

Top Answer

The correct option is : B - quantity supplied increase... View the full answer

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