MCQOPTIONS
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| 1. |
If a supply curve for a good is price elastic then ? |
| A. | the quantity supplied is sensitive to changes in the price of that good |
| B. | That quantity demanded is insensitive to changes in the price of that good |
| C. | the quantity demanded is sensitive to changes in the price of that good |
| D. | the quantity supplied is incentive to changes in the price of that good |
| E. | None of these |
| Answer» B. That quantity demanded is insensitive to changes in the price of that good | |