If supply is inelastic, an increase in price will lead to a more-than-proportionate increase in quantity supplied.

Name: If supply is inelastic, an increase in price will lead to a more-than-proportionate increase in quantity supplied.
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Quizplus · Accepted Answer

If supply is inelastic, an increase in price will lead to a less-than-proportionate increase in quantity supplied. This is because the producer cannot easily increase production in response to the price increase due to limited resources or time constraints.

If Supply Is Inelastic, an Increase in Price Will Lead