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Question 61

When price elasticity of supply is equal to 0.4, supply is said to be

  • A. inelastic
  • B. elastic
  • C. unitary elastic
  • D. perfectly elastic
Objective

Question details

Exam body
BUK
Subject
Economics
Year
2009/2010
Question no.
#61
Type
Objective
Previous · Q60In a perfect market, price and quantity to be bought are determined by the Next · Q62 In the money market, money can only be borrowed for

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