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प्रश्न
If the price of a commodity increases by 50% and its supply increases by 25% then calculate the price elasticity of supply following the percentage method. Identify the degree of price elasticity.
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उत्तर
Es = `25/50`
= `1/2`
= 0.5
Supply is inelastic
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संबंधित प्रश्न
Draw a perfectly inelastic supply curve.
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Pick the option which does not belong to the group.
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