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History, 03.03.2020 20:24 briana21092005
Use the drop-down menu to complete each statement.
Elasticity is the measure of how producers and consumers react to changes in
A supply is
when the quantity of a good supplied does not change as the price changes,
A supply is
when the quantity of a good supplied increases or decreases as the price changes.
*Answer*
Price
Inelastic
Elastic
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