MCQOPTIONS
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| 1. |
If the proportionate change in the supply is equal to the proportionate change in price, it is said to be _______ supply. |
| A. | Unitary Elastic |
| B. | Perfectly Inelastic |
| C. | Perfectly Elastic |
| D. | Relatively Inelastic |
| Answer» B. Perfectly Inelastic | |