Economy, asked by vaishu1360, 8 months ago

• Analyze how an increase in the price elasticity of demand (PED) and the price elasticity
of supply (PES) of its products could benefit a firm.​

Answers

Answered by vanshikaverma7
0

Answer:

According to basic economic theory, the supply of a good will increase when its price rises. Conversely, the supply of a good will decrease when its price decreases. There's also price elasticity of demand. This measures how responsive the quantity demanded is affected by a price change

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