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29 October, 23:30

Supply of a product will tend to be more inelastic when

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  1. 29 October, 23:51
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    The supply of the product tend to be more inelastic when the prices of the goods are high. Supply inelasticity is caused by the sudden change of the price of goods needed to release the supply and more often than not, that change of price is a price hike; meaning, the increase of price reasonable or not.
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