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Phydeaux Phydeaux
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6 years ago
If a 10 percent increase in price causes a 20 percent increase in the quantity supplied of salt,
A) the demand for salt is elastic.
B) the demand for salt is inelastic.
C) the supply of salt is elastic.
D) the supply of salt is inelastic.
E) salt is an inferior good.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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holymanholyman
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#1
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6 years ago
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Phydeaux Author
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6 years ago
Thanks
Smair87
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Yesterday
Thank you, thank you, thank you!
Morgan-C
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2 hours ago
Smart ... Thanks!
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