Economy, asked by swapanjit860, 10 months ago

Does the factor affecting elasticity of demand and supply are different

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Answered by KeshavGiri79

Answer:

Factors of Elasticity of Supply. ... If the price of an output increases, and producers have time to adjust supply, supply will be more elastic. If producers are unable to respond to the price increase, the supply is inelastic. In the short-run, supply may be inelastic.

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