Economy, asked by shraddhajain1432, 2 months ago

Assume that a business firm supplied 450 units at price Rs 4500.The firm has decided to
increase the price of the product to Rs 5500. Consequently, the supply of the product is
increased to 600 Units. Calculate the elasticity of supply.

Answers

Answered by diyabhana
5

Answer:

Example: Assume that a business firm supplied 450 units at the price of 4500. The firm has decided to increase the price of the product to> 5500. Consequently, the supply of the product is increased to 600 units.

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