The price of soap rose from $10 to $20 causing a trader to increase her supply from 50 to 120 boxes per week. This makes supply

By: |Published on: Mar 28|Categories: Economics WAEC| 0 comments

A. Unitary elastic.
B. Perfectly inelastic.
C. Fairly elastic.
D. Inelastic.

Correct Answer:

Option C = Fairly elastic.

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