Q
If a supply curve for a good is price elastic then ?
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A
A. The quantity supplied is sensitive to changes in the price of that good
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B
B. That quantity demanded is insensitive to changes in the price of that good
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C
C. The quantity demanded is sensitive to changes in the price of that good
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D
D. The quantity supplied is incentive to changes in the price of that good
Correct Answer:
A. A. The quantity supplied is sensitive to changes in the price of that good