If supply is elastic, which statement is true? A) Supply reacts strongly to changes in price. B) Supply is unaffected by changes in price. C) It is easier to predict changes in demand. D) Producers respond

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asked Apr 25, 2020 180k views

2 votes

If supply is elastic, which statement is true?

A) Supply reacts strongly to changes in price.

B) Supply is unaffected by changes in price.

C) It is easier to predict changes in demand.

D) Producers respond slowly to changes in demand.

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middle-school

Arvymetal asked

by Arvymetal

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2 Answers

6 votes

Answer:

Answer B: Supply is unaffected by changes in price. GRADPOINT.

Step-by-step explanation:

Satyam Pathak answered Apr 28, 2020

by Satyam Pathak

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3 votes

B, the price changes as supply does but supply does not rely on price

Shubham Batra answered Apr 29, 2020

by Shubham Batra

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