If a rise in the price of good A from $9 to $11 results in an increase from 9,500 to 10,500 units supplied, then
A)supply is elastic.
B)supply is inelastic.
C)supply is unit elastic.
D)demand is elastic.
E)supply is perfectly inelastic.

Question

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The Answer of If a rise in the price of good A from $9 to $11 results in an increase from 9,500 to 10,500 units supplied, then
A)supply is elastic.
B)supply is inelastic.
C)supply is unit elastic.
D)demand is elastic.
E)supply is perfectly inelastic.

If a Rise in the Price of Good a from $9