Economics jamb 2013

If the supply of a product is elastic, a small reduction in price will

a

reduce the cost of production

b

reduce the quantity supplied

c

increase the quantity supplied

d

lead to no change in the quantity supplied

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Explanation

Correct Option
b

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muna2003
7 years ago

Wrong..it is decrease in quantity supplied

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20th June, 2026

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21st May, 2026

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