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What does it mean to say that supply is unitary elastic? A. Supply does not change with changes in price. B. Supply is very sensitive to changes in price. C. The percentage chan…

What does it mean to say that supply is unitary elastic? A. Supply does not change with changes in price. B. Supply is very sensitive to changes in price. C. The percentage chan…
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What does it mean to say that supply is unitary elastic?

A. Supply does not change with changes in price.
B. Supply is very sensitive to changes in price.
C. The percentage change in price and in supply are the same.
D. A change in supply is observed only if price increases.

asked
User Burntblark
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8.6k points

1 Answer

12 votes

Answer: The percentage change in prive and in supply are the same

Explanation: yeah!

answered
User SCdF
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8.2k points
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