If a supply curve for a good is price elastic then ? Options: A . &nbspthe quantity supplied is sensitive to changes in the price of that good B . &nbspThat quantity demanded is insensitive to changes in the price of that good C . &nbspthe quantity demanded is sensitive to changes in the price of that good D . &nbspthe quantity supplied is incentive to changes in the price of that good E . &nbspNone of these

If a supply curve for a good is price elastic then ?

Question - If a supply curve for a good is price elastic then ?

Options:

A . the quantity supplied is sensitive to changes in the price of that good

B . That quantity demanded is insensitive to changes in the price of that good

C . the quantity demanded is sensitive to changes in the price of that good

D . the quantity supplied is incentive to changes in the price of that good

E . None of these

Answer: Option A
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