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From course:

Economics A Level (DONEEEEEEE)

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Question:

How can Firms make their Supply more Elastic? Why would they?

Author: eric_galvao



Answer:

-Ideas like Flexible Working Patterns, Latest Technology and Spare Production Capacity - allowing Firms to Increase Production without Increasing Costs -Firms must Respond Quick to Changes in Demand and Price, so Products being Elastic gives them that Speed and Effectiveness


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