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Assume that the price of product Y decreases by 5%

Assume that the price of product Y decreases by 5% and the quantity supplied decreases by 2%. The coefficient of price elasticity of supply for good Y is:A)negative and therefore Y is an inferior goodB)less than one and therefore supply is inelasticC)more than one and therefore supply is elasticD)negative and therefore the supply curve is downsloping

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