The price elasticity number for necessities will be greater than 1.
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Q102: Elasticity of supply looks at
A)How responsive producers
Q103: If the elasticity of demand is 3,then
Q104: Along a linear or straight-line demand curve,demand
Q105: Demand is elastic if the consumer has
Q106: If the elasticity number (E)is less than
Q108: Supply is very inelastic when
A)The quantity supplied
Q109: Demand is more inelastic in the long
Q110: In the article "After iPhone Price Cut,Sales
Q111: Oil and alternative sources of energy such
Q112: Supply is very elastic when
A)The quantity supplied
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