Question

Calculate the supply elasticities on the basis of data in
three giren sets:
SZ
Supply
60
58
50​

Answer 1

ANS.➡ The price elasticity of demand is the percentage change in the quantity demanded of a good or service divided by the percentage change in the price. The price elasticity of supply is the percentage change in quantity supplied divided by the percentage change in price.

✔MARK BRAINLIST✔✔