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प्रश्न
Which formula is used to calculate the elasticity of supply using the percentage method?
विकल्प
ΔQ/ΔP
(ΔQ/Q)/(ΔP/P)
(Q/ΔQ)×(ΔP/P)
Q×P
MCQ
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उत्तर
(ΔQ/Q)/(ΔP/P)
Explanation:
The percentage method defines elasticity of supply as the ratio of the percentage change in quantity supplied to the percentage change in price.
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