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Business, 10.10.2021 01:00 jrbskso

If the quantity supplied of candy increases by 1% when the price of candy increases by 5%, which of the following is TRUE? A. Supply for candy is inelastic, and price elasticity of supply = 2.0. B. Supply for candy is inelastic, and price elasticity of supply = 0.2. C. Supply for candy is elastic, and price elasticity of supply = 2.0. D. Supply for candy is elastic, and price elasticity of supply = 0.2.

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If the quantity supplied of candy increases by 1% when the price of candy increases by 5%, which of...
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