explain the situation of zero elasticity of supply with the help of diagram
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Answered by
3
Explanation:
It refers to a vertical straight line supply curve showing constant supply.
It is shown in the given figure
In such a situation, it is assumed that supply is constant, whatever the changes in price.
Answered by
5
Answer:
It refers to a vertical straight line supply curve showing constant supply. In such a situation, it is assumed that supply is constant, whatever the changes in price.
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