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Septeos Septeos
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A year ago
Consider the price elasticity of supply. If firms' costs rise rapidly as quantity supplied increases, the

▸ price elasticity of supply will tend to be low.

▸ elasticity of demand will tend to be low.

▸ demand curve will tend to be steep.

▸ supply curve will tend to be flat.

▸ price elasticity of supply will tend to be high.
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Microeconomics

Microeconomics


Edition: 17th
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goodone14goodone14
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A year ago
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