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Loraine Loraine
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8 years ago
The price elasticity of supply is always a positive value because
i.   there is a direct relationship between the price and the quantity supplied.
ii.   as the equilibrium price increases, the equilibrium quantity also always increases.
iii.   buyers are willing to pay a higher price for larger quantities.
A) i only
B) ii only
C) iii only
D) i and ii
E) ii and iii
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
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8 years ago
Don't mention it Happy Dummy
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