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When supply goes up, price goes down and when price goes up, supply goes down. Products are elastic if price has a large impact on supply, they are inelastic if supply remains relatively constant due to
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When supply goes up, price goes down and when price goes up, supply goes down. Products are elastic if price has a large impact on supply, they are inelastic if supply remains relatively constant due to fluctuations in price. This is call Answer: Demand of Supply Elasticity of Supply Neither

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Answer:

A higher equilibrium price

User StockBreak
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