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Title: In economics, utility is defined as Post by: baileymeredith on Mar 3, 2019 Question 1. When quantity supplied is NOT very responsive to a change in price, supply is• elastic. • inelastic. • income sensitive. • unit-elastic. Question 2. In economics, utility is defined as• the usefulness of a good or service. • the objective measure of the desirability of a good or service. • the utilitarian value of a good or service. • the want-satisfying power of a good or service. Title: In economics, utility is defined as Post by: Nikki_LYNN on Mar 3, 2019 Content hidden
Title: In economics, utility is defined as Post by: baileymeredith on Mar 3, 2019 Brilliant
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