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What does this graph suggest about green tea? Check ALL that apply.

1) Green tea is elastic in terms of supply.
2)Green tea is inelastic in terms of supply.
3)Green tea is neither elastic nor inelastic.
4)The supply of green tea changes sharply with the price.
5)The supply of green tea does not change sharply with the price.

What does this graph suggest about green tea Check ALL that apply 1 Green tea is elastic in terms of supply 2Green tea is inelastic in terms of supply 3Green t class=

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Tundexi

The graph does suggest that the green tea is inelastic in terms of supply and the supply does not change sharply with the price.

In economic, the Inelastic of supply refers to when the quantity that producers are willing to produce does not change (increase not decrease) as the price increases or decreases.

  • The in-elasticity of supply is observed as the producer kept producing without considering forces of price level.

  • Also, the supply of the green tea by the producer does not change sharply with the price.

In conclusion, the Option 2 and 5 is correct.

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brainly.com/question/1185423

Answer:

2&5

Explanation:

Because yee

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