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If a firm is faced with an elastic supply curve, its revenue will
Classroom
Economics Classroom
Jamb
Jamb 2011
More Topics
If a firm is faced with an elastic supply curve, its revenue will
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Be supplied at a higher price
B
Double at a higher price
C
Increase by more than the percentage increase in price
D
Equal percentage change in price
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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