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Elasticity of supply is always positive because of: - Economics

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Question

Elasticity of supply is always positive because of ______.

Options

  • direct relationship between price and supply

  • inverse relation between price and supply

  • Both direct relationship between price and supply and inverse relationship between price and supply

  • Neither direct relationship between price and supply and inverse relationship between price and supply

MCQ
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Solution

Elasticity of supply is always positive because of direct relationship between price and supply.

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Chapter 5: Supply - Law of Supply and Price Elasticity of Supply - TEST YOURSELF QUESTIONS [Page 96]

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Frank Economics [English] Class 12 ISC
Chapter 5 Supply - Law of Supply and Price Elasticity of Supply
TEST YOURSELF QUESTIONS | Q 8. | Page 96
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