If the proportionate change in the supply is equal to the proportionate change in price, it issaid to be _______ supply.

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Question:

If the proportionate change in the supply is equal to the proportionate change in price, it issaid to be _______ supply.

A.

Unitary Elastic

B.

Perfectly Inelastic

C.

Perfectly Elastic

D.

Relatively Inelastic

Answer» a. Unitary Elastic

Note: The above multiple-choice question is for all general and Competitive Exams in India.