If the price elasticity of supply is price inelastic then a given increase in price will lead to relatively bigger decrease in quantity supplied (in percentages).
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Q3: A supply curve shows:
A) How much people
Q4: The supply curve might shift outwards (i.e.
Q5: The supply curve might shift inwards with
Q6: If the quantity supplied increases 20% when
Q7: If the price elasticity of supply is
Q9: If a 20% increase in price leads
Q10: If price increases from 10 pence to
Q11: Which of the following would not influence
Q12: A movement upwards along the supply curve
Q13: Which of the following would not cause
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