Advertisements
Advertisements
प्रश्न
If elasticity of supply equals 1, how does the percentage change in quantity supplied compare to the percentage change in price?
पर्याय
Quantity supplied changes less than price
Quantity supplied changes more than price
Quantity supplied changes equally as price
There is no change in quantity supplied
MCQ
Advertisements
उत्तर
Quantity supplied changes equally as price
Explanation:
When elasticity of supply is 1, the percentage change in quantity supplied is equal to the percentage change in price, showing unitary elasticity.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
