[Answer] Which of the following would be true as the price elasticity of supply approaches infinity?a. Very small changes in price lead to very large changes in quantity supplied.b. Very large changes in price lead to very small changes in quantity supplied.c. Very small changes in price lead to no change in quantity supplied.d. Very large changes in price lead to no change in quantity supplied.

Answer: A
Which of the following would be true as the price elasticity of supply approaches infinity?a. Very small changes in price lead to very large changes in quantity supplied.b. Very large changes in pr…

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