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If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply:

User Ysth
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Answer: is unit elastic

Step-by-step explanation:

If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply will be said to be unit elastic.

In the unit elastic supply, it should be noted that supply responds perfectly to the changes in price. This simply means that there'll be an equal change between the price change and the quantity that is supplied.

User Lindon
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