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प्रश्न
What is meant by perfectly elastic supply?
लघु उत्तरीय
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उत्तर
When the supply of a commodity rises or falls without any change in its price, the supply of that commodity is said to be perfectly elastic. The supply curve will be parallel to the x-axis. In such a case, Es = ∞. If supply is perfectly elastic, it means that any change in price will result in an infinite change in quantity.
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Types of Supply
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