identify one situation when elasticity of supply is low even there's a substantial rise in demand for a commodity

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Solution

Suppose M.F. hussain made a painting and invited participants for its auction. In such a scenario, the demand of the painting will be high but, due to limited supply of the painting, the elasticity of supply would still be low.
Therefore, in this situation, the elasticity of supply is low even if there is a substantial rise in demand of the commodity.

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