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8 August, 16:52

The price elasticity of - equals the percentage change in - divided by the percentage change in -. when the percentage change in the quantity demanded is larger than the percentage change in price, the demand is -.

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  1. 8 August, 19:06
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    The answer is Elastic supply. Elastic supply a change in price has a relatively large effect on quantity supplied; the percentage change in quantity supplied exceeds the percentage change in price and this is the result of price elasticity of supply exceeds 1.0.
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