3.1 The price elasticity of supply measures the relative change in the quantity supplied that results from

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3.1 The price elasticity of supply measures the relative change in the quantity supplied that results from a change in price. If the supply price elasticity is greater than 1, it is elastic; if it is less than 1, it is inelastic.

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Survey Of ECON

ISBN: 9780538478090

1st Edition

Authors: Robert L. Sexton

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