The price of soap rose from $10 to $20 causing a trader to increase her
ECONOMICS
WAEC 2021
The price of soap rose from $10 to $20 causing a trader to increase her supply from 50 to 120 boxes per week. This makes supply_________
- A. Unitary elastic.
- B. Perfectly inelastic.
- C. Fairly elastic.
- D. Inelastic.
Correct Answer: C. Fairly elastic.
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