If the quantity of houses supplied in an area increases 10 percent when the price goes up 25 percent, the supply:

A. is inelastic.
B. is perfectly elastic.
C. is elastic.
D. is unit elastic.


Answer: A

Economics

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Which of the following is a flow variable?

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If the economy is in long run equilibrium and aggregate demand increases, then in the short run

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If an American construction company built a road in Kuwait, this activity would be

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