If a 1 percent increase in price causes a 0.5 percent increase in quantity supplied, then supply is

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If a 1 percent increase in price causes a 0.5 percent increase in quantity supplied, then supply is

If a 1 percent increase in price causes a 0.5 percent increase in quantity supplied, then supply is
A) elastic.
B) inelastic.
C) unit elastic.
D) infinite.

Textbook

Economics Today: The Micro View

Edition: 19^th

Author: Miller

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