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Question #47552

If a supply curve for a good is price elastic then ?

Options:

A) the quantity supplied is sensitive to changes in the price of that good

B) That quantity demanded is insensitive to changes in the price of that good

C) the quantity demanded is sensitive to changes in the price of that good

D) the quantity supplied is incentive to changes in the price of that good

E) E. None of these

Answer: If a supply curve for a good is price elastic then the quantity supplied is sensitive to changes in the price of that good.

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