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Question Practice

When might the price elasticity of supply be temporarily greater than one?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
The Theory Of The Firm Under P...
Question Bank

When might the price elasticit...

Single Answer MCQ
Q-00089596

When might the price elasticity of supply be temporarily greater than one?

1

In the short run during sudden demand spikes

2

In the long run for all goods

3

When production capabilities are fixed

4

During periods of economic recession

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