Refer to the data. Suppose quantity demanded increased by 12 units at each price, changing the equilibrium price in a direction and an amount for you to determine. Over that price range, supply is
A)perfectly elastic.
B)perfectly inelastic.
C)elastic.
D)inelastic.

Question

Refer to the data. Suppose quantity demanded increased by 12 units at each price, changing the equilibrium price in a direction and an amount for you to determine. Over that price range, supply is
A)perfectly elastic. 
B)perfectly inelastic. 
C)elastic. 
D)inelastic.

Quizplus · Accepted Answer

The Answer of  Refer to the data. Suppose quantity demanded increased by 12 units at each price, changing the equilibrium price in a direction and an amount for you to determine. Over that price range, supply is
A)perfectly elastic. 
B)perfectly inelastic. 
C)elastic. 
D)inelastic.

Refer to the Data