In response to an increase in the product’s price, producers of MP3 players have increased the quantity supplied. This is an example of ____________________. a. elastic supply b. elastic demand c. inelastic

In response to an increase in the product’s price, producers of MP3 players have increased the quantity supplied.

This is an example of ____________________.
a.
elastic supply
b.
elastic demand
c.
inelastic supply
d.
inelastic demand

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