Q
A shift in supply will have more effect on price than quantity if ?
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A
A. The price elasticity of supply is – 3
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B
B. The price elasticity of supply is – 0.2
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C
C. The price elasticity of supply is – 2
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D
D. The price elasticity of supply is infinity
Correct Answer:
A. A. The price elasticity of supply is – 3