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.In 2020 we discovered that the price elasticity of supply for ventilators was less than one. That meant as demand increased during the pandemic, there
.In 2020 we discovered that the price elasticity of supply for ventilators was less than one. That meant as demand increased during the pandemic, there was a(n)____________ in quantity ___________ by a ___________ amount than the price increased.
- increase, supplied, larger
- decrease, supplied, lower
- decrease, supplied,larger
- increase, demanded, lower
- increase; supplied, lower
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