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0 votes
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in Economics by (50.7k points)

When supply increases more with a result of small increase in price, the nature of supply will be : 

a. Elastic 

b. Inelastic 

c. Perfectly Elastic 

d. Perfectly Inelastic 

1 Answer

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Best answer

When supply increases more with a result of small increase in price, the nature of supply will be Elastic.

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