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Numerical Questions Price of a commodity increases from 10 to 12 as aresult of which supply gets increased from 35 to 42Calculate the elasticity of supplyAns. e. = 1​

Economy Primary School in Economy 1 year ago

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HEY mate there is your answerExplanation:QUESTION 1. Explain price elasticity of demand.Answer: The degree of responsiveness of QUANTITY DEMANDED to changes in price of commodity is known as price elasticity of demand.
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Posted on 15 Sep 2024, this text provides information on Economy related to Primary School in Economy. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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