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\(\begin{array}{c|c} Price (N) 20 16 \\ \hline \text{Quantity demanded} 100 58 ...

\(\begin{array}{c|c}
Price (N) & 20 & 16 \\
\hline
\text{Quantity demanded} & 100 & 58
\end{array}\)
From the table above, the elasticity of supply is_____?
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  • A Inelastic supply
  • B Perfectly elastic
  • C Elastic supply
  • D Unitary elastic
Correct Answer: Option C
Explanation:

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