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प्रश्न
What is meant by price elasticity of supply?
What is price elasticity of supply?
लघु उत्तर
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उत्तर
Price elasticity of supply shows how much the quantity supplied of a product changes in response to a change in its price. It can be written in the form of a formula.
es = `"Proportionate Change in Quantity Supplied"/"Proportionate Change in Price"`
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