supply elasticity
Språk: English
Supply elasticity refers to how the quantity of a product supplied by producers changes in response to a change in price. A high supply elasticity indicates that producers can quickly increase production when the price rises, while a low supply elasticity means that production cannot be changed easily.
- Supply elasticity refers to how the quantity of a product supplied by producers changes in response to a change in price. A high supply elasticity indicates that producers can quickly increase production when the price rises, while a low supply elasticity means that production cannot be changed easily.
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