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If the Supply of a Good Is Relatively Elastic,changing the Price

Question 101

Multiple Choice

If the supply of a good is relatively elastic,changing the price causes


A) a relatively large change in the amount that consumers want to buy.
B) a relatively large change in the amount that sellers want to sell.
C) a relatively small change in the amount that sellers want to sell.
D) a relatively small change in the amount that buyers want to buy.

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