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1.2.5 Elasticity of supply

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Question 9

A 15% increase in the market price of recycled paper packaging causes a 3% increase in the quantity supplied by regional manufacturers. Ceteris paribus, this suggests that the supply of recycled paper packaging is:

perfectly price elastic

perfectly price inelastic

relatively price elastic

relatively price inelastic

1.2.5 Elasticity of supply Questions

  1. A Level
  2. /Economics
  3. /1.2.5 Elasticity of supply