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respond to this discussion The elasticity of supply measures the extent to which a supplier is impacted by changes in price. For instance, a restaurant

respond to this discussion The elasticity of supply measures the extent to which a supplier is impacted by changes in price. For instance, a restaurant may need to raise the prices of its dishes, which could lead to a decrease in customers. However, there is often a threshold for what consumers consider "too expensive". Thus, there might be a degree of "flexibility" in how much prices can rise before consumers take notice

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