•calculate calculate GNP at MP -indirect tax 200 crores -consumption of fixed capital hundred crores -factor income to abroad 250 crores -factor income from abroad 320 crores -rent 250 crores -dividend 220 crores -Mixed income 120 crore -saving of private corporate sector 200 crores -interest hundred crores -subsidies 200 crores -compensation of employees 500 crores -corporate tax 400 crores
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Price elasticity of supply measures the responsiveness to the supply of a good or service after a change in its market price. ... Conversely, the supply of a good will decrease when its price decreases. ... Producers of fruit, seeing the shift in demand, decide to grow more oranges and fewer apples because it can result in higher profits. There are five types of price elasticity of ...
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