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lisabon 2012 [21]
3 years ago
5

If the supply of a good is inelastic

History
2 answers:
ipn [44]3 years ago
6 0

producers will not change their quantity supplied by much even if the market price doubles

Explanation: 100% gradpoint

Romashka [77]3 years ago
5 0

Answer:If price and total revenue change in the same direction, demand is inelastic. a measure of the extent to which the quantity supplied of a good changes when the price of the good changes. ... the percentage change in the quantity supplied is less than the percentage change in price.

Explanation:

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