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प्रश्न
Under what conditions does the supply of good exhibit unitary elasticity?
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उत्तर
When percentage change in quantity supplied is equal to percentage change in supply. Labour specialisation enhances skills and experience. This reduces time and costs for both producers and workers.
`"Unitary elasticity" = (% "change in quantity demanded")/(% "change in price") = 1`
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संबंधित प्रश्न
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- Picture 1
- Picture 2
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