In May 2021, a store was offering 100 laptops at a market price of $1000 each. However,
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Question:
In May 2021, a store was offering 100 laptops at a market price of $1000 each. However, in June 2021, the store reduced its supply to 80 laptops at a market price of $900 each. This change indicates that the supply of laptops is ________.
Perfectly inelastic
More elastic
Less elastic
Perfectly elastic
Related Book For
Accounting Information Systems basic concepts and current issues
ISBN: 978-0078025334
3rd edition
Authors: Robert Hurt
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