हिंदी

What does price elasticity of supply measure?

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प्रश्न

What does price elasticity of supply measure?

विकल्प

  • The change in supply due to change in demand

  • The change in price due to change in supply

  • The response of quantity supplied to a change in price

  • The relationship between demand and supply

MCQ
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उत्तर

The response of quantity supplied to a change in price

Explanation:

Price elasticity of supply tells us how much the quantity supplied changes when the price of a commodity changes.

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