The supply of product X is perfectly inelastic if the price of X increases by — quantity supplied and, as a result of the price change, the
a) 8%; increases by 8%.
b) 7%; increases by 5%.
c) 10%; stays the same.
d) 5%; increases by 7%.

Question

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16-06-2024
Business

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The supply of product X is perfectly inelastic if the price of X increases by — quantity supplied and, as a result of the price change, the
a) 8%; increases by 8%.
b) 7%; increases by 5%.
c) 10%; stays the same.
d) 5%; increases by 7%.

Sagot :

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The supply of product X is perfectly inelastic if the price of X increases by — quantity supplied and, as a result of the price change, the a) 8%; increases by 8%. b) 7%; increases by 5%. c) 10%; stays the same. d) 5%; increases by 7%.

Sagot :

Other Questions

The supply of product X is perfectly inelastic if the price of X increases by — quantity supplied and, as a result of the price change, the
a) 8%; increases by 8%.
b) 7%; increases by 5%.
c) 10%; stays the same.
d) 5%; increases by 7%.