Question

Blessy and Jerry are friend they were discussing, how demand for salt with various circumstances
What will happen cross elasticity of salt and income elasticity?
What will happen price elasticity?​

Answer 1

Answer:

Price elasticity of supply measures the responsiveness to the supply of a good or service after a change in its market price. 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.

Explanation:

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