-If a small percentage change in the price brings a very large percentage change in the quantity supplied,then the supply is almost perfectly ________ and the supply curve is almost ________.
Definitions:
Innate Potential
A term referring to the natural capabilities and talents that individuals are born with, which can be developed through experiences and education.
Societal Goals
Objectives or aims that are deemed important or beneficial for the society as a whole.
Higher Levels of Intelligence
A state of advanced cognitive ability that includes superior problem-solving skills, faster learning, and the ability to understand complex concepts more easily.
Industriousness
A trait characterized by a persistent and hardworking approach to tasks and goals, often leading to success in endeavors.
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