In the World View on gold prices and gold mining,
A) As the price of gold rises, the quantity supplied falls.
B) As the price of gold increases, there is an increase in quantity supplied, indicating that supply is elastic.
C) Miners around the world have had difficulty finding additional sources of gold, indicating that the elasticity of supply is inelastic.
D) Miners have found new supplies of gold, indicating that the demand for gold is inelastic.
Correct Answer:
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