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If the Supply Curve for Orange Juice Is Estimated to Be

Question 77

Multiple Choice

If the supply curve for orange juice is estimated to be Q = 40 + 2p,then


A) supply is price elastic at all prices.
B) supply is price inelastic at all prices.
C) supply is elastic only at prices below 20.
D) No general statements about price elasticity of supply can be made.

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