Economy, asked by shahzadahurram87, 2 months ago

If elasticity of supply is greater than
one, supply is
(elastic / inelastic​

Answers

Answered by gopikars1827
1

Answer:

elastic is the correct answer hope helps you

Answered by john5441289
0

Answer:

An elastic demand or elastic supply is one in which the elasticity is greater than one, indicating a high responsiveness to changes in price. Elasticities that are less than one indicate low responsiveness to price changes and correspond to inelastic demand or inelastic supply.

Explanation:

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