If a supply curve for a good is price elastic then ? – McqOptions

MCQOPTIONS

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

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