Question

A steeper supply curve is more likely to be
(a) Price elastic
(b) Unit Price Elastic
(c) Price Inelastic
(d) None of the above
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Answer 1

Answer:

The supply curve is steep. the law of supply states that when price increases quantity supplied increases too. the slope of the curve will reveal how much quantity increases. the steeper a supply curve is, the more inelastic is the relationship between price and quantity supplied.

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Answer 2

Answer:

HELLO MATE!!

THE ANSWER IS :- PRICE INELASTIC