question archive If the supply of a product is inelastic, a
If the supply of a product is inelastic, a
Subject:EconomicsPrice:2.88 Bought4
If the supply of a product is inelastic,
a. a 25 percent change in price will lead to more than a 25 percent change in quantity supplied.
b. a 25 percent change in price will lead to a 100 percent change in quantity supplied.
c. a 25 percent change in price will lead to less than 25 percent change in quantity supplied.
d. a 25 percent change in price will lead to a 25 percent change in income.
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