What are examples of unitary supply?

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1073996

2026-02-11 21:10

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Unitary supply refers to a situation where the percentage change in quantity supplied is equal to the percentage change in price, resulting in a unitary elasticity of supply. Examples include certain agricultural products, like wheat or corn, where producers can adjust output in response to price changes without significantly altering their production capacity. Another example could be handmade crafts, where artisans can easily scale production up or down based on demand without incurring substantial changes in costs.

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