If the quantity supplied and the price change by the same percentage, then supply is
A) elastic.
B) inelastic.
C) unit elastic.
D) perfectly elastic.
E) perfectly inelastic.
C
Economics
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Explain how and why economic events in the U.S. affected the economies of Thailand, South Korea, and Indonesia and vice-versa
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Between 1950 and today there was a
a. 20 percent drop in the number of farmers, but farm output increased by more than ten times. b. 30 percent drop in the number of farmers, but farm output more than tripled. c. 40 percent drop in the number of farmers, but farm output more than doubled. d. 70 percent drop in the number of farmers, but farm output increased by about five times.
Economics