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Supply of a commodity would be relatively more elastic in case of ______. - Economics

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Question

Supply of a commodity would be relatively more elastic in case of ______.

Options

  • short period

  • long period

  • very short period

  • none of these

MCQ
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Solution

Supply of a commodity would be relatively more elastic in case of long period.

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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 9. | Page 96
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