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- Subject
- Marketeconomics-mcqs › market
- Published
- 31 May 2019
- Last updated
- 28 May 2026
When will a change in supply influence the price more significantly than the quantity supplied?
Multiple choice question for Market. Select an option, then review the explanation below.
Explanation
When the price elasticity of supply is high (such as 3), a shift in supply tends to cause a larger change in price compared to quantity. Lower elasticities indicate quantity changes dominate price changes.
More Market MCQs
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- 5.Why is a competitive equilibrium considered Pareto efficient?