What happens to the supply of something if its elastic and the price falls

Supply elasticity is measured by the response of the supply of goods when prices change in the market. Based on the theory of economic, Supply tends to raise the prices increase. However, when the supply is low, the costs will be lower.

While the demand of elasticity is measured by the quantity response of the prices that have been affected. In general, the elasticity in price determines how much is demanded or will be supplied based on the change of prices.

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