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Economics
MEDIUM
ENGLISH
Economics
If a supply curve for a good is price elastic then ?
the quantity supplied is sensitive to changes in the price of that good
Correct answer
B
That quantity demanded is insensitive to changes in the price of that good
Option B
C
the quantity demanded is sensitive to changes in the price of that good
Option C
D
the quantity supplied is incentive to changes in the price of that good
Option D
Correct answer: A
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