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Q: Consider this scenario: 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
A: 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.
shizuo|Points 60|
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Asked 9/11/2013 11:24:50 PM
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