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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
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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

User Rtbf
by
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1 Answer

4 votes
b. an elastic demand
User Seshadri R
by
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