Advertisement Remove all ads

Relatively Elastic Supply - Economics

Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads
Definition

Relatively elastic supply

Advertisement Remove all ads

Solution

When percentage change in quantity supplied is more than the percentage of change in price it is called relatively elastic supply. Here the price elasticity of supply is more than one. Numerical value of elasticity of supply is (e > 1)

Concept: Concept of Supply
  Is there an error in this question or solution?

APPEARS IN

Video TutorialsVIEW ALL [2]

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×