If the supply of a good is inelastic

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asked Dec 23, 2021 95.6k views

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Michael Irigoyen · Answer 1 · 2021-12-24T09:18:17+0000

Answer:If price and total revenue change in the same direction, demand is inelastic. a measure of the extent to which the quantity supplied of a good changes when the price of the good changes. ... the percentage change in the quantity supplied is less than the percentage change in price.

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If the supply of a good is inelastic

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