History, 29.11.2019 19:31, sandy2597

If supply is elastic, which statement is true?

a) supply reacts strongly to changes in price.

b) supply is unaffected by changes in price.

c) it is easier to predict changes in demand.

d) producers respond slowly to changes in demand.

Answers: 2

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If supply is elastic, which statement is true?

a) supply reacts strongly to changes in...