Price(N) | 20 | 16 |
Quantity demanded | 100 | 58 |
A. Inelastic supply
B. Perfectly elastic
C. Elastic supply
D. Unitary elastic
Correct Answer:
Option C – Elastic supply
Price(N) | 20 | 16 |
Quantity demanded | 100 | 58 |
A. Inelastic supply
B. Perfectly elastic
C. Elastic supply
D. Unitary elastic
Correct Answer:
Option C – Elastic supply
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