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प्रश्न
Price elasticity of supply is likely to be ______ in the long run.
विकल्प
perfectly inelastic
perfectly elastic
elastic
inelastic
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उत्तर
Price elasticity of supply is likely to be elastic in the long run.
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संबंधित प्रश्न
Define a relatively elastic supply.
Which of the following measures of price elasticity shows elasticity shows elastic supply?
If price elasticity of supply is greater than 1, then supply is said be elastic.
Pick the option which does not belong to the group.
When the percentage change in the quantity supplied of a commodity is exactly equal to the percentage change in its price it is known as ______.
Define elasticity of supply.
The quantity of a commodity supplied increases by 25% when its price rises by 10%. Calculate price elasticity of supply.
Draw and briefly explain a perfectly elastic supply curve.
Draw the supply curve showing price elasticity of supply equal to one.
What is meant by elasticity of supply?
