Economy, asked by mongshijamir37203, 3 months ago

define supply curve with es=1​

Answers

Answered by tecnicgaming1133
2

Answer:

Elastic Supply (ES>1):

.

Supply is said to be elastic when a given percentage change in price leads to a larger change in quantity supplied. Under this situation, the numerical value of Es will be greater than one but less than infinity. ... 4.17 exhibits elastic supply.

Explanation:

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