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What is price unit Elasticity of supply? - Economics

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Question

What is price unit Elasticity of supply?

Very Short Answer
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Solution

When the percentage change in supply is exactly equal to the percentage change in price, it is known as unitary elasticity of supply.

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Chapter 6: Supply and Law of Supply - TEST QUESTIONS [Page 6.17]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 6 Supply and Law of Supply
TEST QUESTIONS | Q A. 5. | Page 6.17
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