Explain the elasticity of supply when:
i. a supply curve is parallel to the Y-axis ii. a supply curve passes through the origin O.
Answers
Answered by
0
Answer:
No idea about this question sorry
Answered by
0
We have studied that price and supply go hand in hand i.e, they are directly related to each other. But using this can you answer how much will the supply change if the price change by 10%? Definitely not. This it's time to answer such questions using the price elasticity of supply.
Similar questions