The supply of productxis elastic if the price ofxrises by Multiple Choice 8 percent and...

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Economics

The supply of product

x

is elastic if the price of

x

rises by Multiple Choice 8 percent and quantity supplied remainsthe same. 1 percent and quantity supplied rises by 5 percent. 4percent and quantity supplied rises by 4 percent. 10 percent andquantity supplied rises by 2 percent.

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