If, for a given percentage increase in price, quantity supplied increases by a proportionately larger percentage, then supply is

A) unit elastic. B) relatively inelastic. C) elastic. D) perfectly elastic.

C

Economics

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Do interest rates fluctuate in response to the Fed's actions?

What will be an ideal response?

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A ________ gives the holder the right (but not the obligation) to sell a foreign currency at some time in the future at a price set today.

A. put option B. forward exchange contract C. currency swap D. call option

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