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Supply Curve
A graphical representation showing the relationship between the price of a good or service and the quantity supplied over a given period.
Most Elastic
Refers to the responsiveness of the demand or supply of a good or service to changes in its price, with the most elastic being the most sensitive to price changes.
Supply Least Elastic
Characterizes goods or services for which supply does not significantly change in response to price changes, often due to limitations in production capacity or availability of resources.
Supply Curve
is a graphical representation that shows the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply to the market.
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