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Ede4ka [16]
3 years ago
10

If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply:

Business
1 answer:
Nadya [2.5K]3 years ago
8 0

Answer: is unit elastic

Explanation:

If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply will be said to be unit elastic.

In the unit elastic supply, it should be noted that supply responds perfectly to the changes in price. This simply means that there'll be an equal change between the price change and the quantity that is supplied.

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4 0
2 years ago
Which statement below best answers the economic question How to produce?. . Marco's products sell at prices ranging between $2 a
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3 years ago
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2 years ago
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