question archive If_____percent _____ in price results in a 3% decrease in quantity supplied, it can be concluded that supply is price elastic
If_____percent _____ in price results in a 3% decrease in quantity supplied, it can be concluded that supply is price elastic
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If_____percent _____ in price results in a 3% decrease in quantity supplied, it can be concluded that supply is price elastic.
explain how you know which is the correct answer
-less than 3; increase
-greater than 3; increase
-greater than 3; decrease
-less than 3; decrease
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