If the supply of a good is unit-elastic,then a 50 percent increase in the price of the good will result in a ________ in quantity supplied.

Question

Quizplus · Accepted Answer

When the supply of a good is unit-elastic, a percentage increase in price results in an equal percentage increase in quantity supplied. Therefore, a 50 percent increase in price leads to a 50 percent increase in quantity supplied.

If the Supply of a Good Is Unit-Elastic,then a 50