Question

If price changes by 1% and supply changes by 2% then supply is:
Select one:
of
O a. Elastic
O b. Static
O c. Inelastic
O d. Indeterminate

Answer 1

Answer:

a.elastic is the correct ans

Explanation:

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Answer 2

Answer:

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

therefore, the answer is (a) Elastic