question archive If the price elasticity of supply of crude oil in Russia is zero, then a 20 percent increase in the price of crude oil will A
If the price elasticity of supply of crude oil in Russia is zero, then a 20 percent increase in the price of crude oil will A
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If the price elasticity of supply of crude oil in Russia is zero, then a 20 percent increase in the price of crude oil will
A. result in a 20 percent increase in the quantity of Russian crude oil supplied.
B. result in a 20 percent decrease in the quantity of Russian crude oil supplied.
C. have no effect on the quantity of Russian crude oil supplied.
D. increase the quantity of Russian crude oil supplied by more than 20 percent.
Option 1
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Option 2
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