Demand and Supply MCQs

If price changes by 1% and supply changes by 2%, then the supply is

September 27, 2022

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If price changes by 1% and supply changes by 2%, then the supply is

Q. If price changes by 1% and supply changes by 2%, then the supply is ______.

Static
Indeterminate
Inelastic
Elastic

Answer: Elastic

If price changes by 1% and supply changes by 2%, then the supply is

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