Economy, asked by ayusbarnwal6, 3 months ago

If es = 1, what is it called?​

Answers

Answered by Rohitdas74
1

Answer:

it is called an alphabetical form

Answered by Secretman674
0

Explanation:

Es = 1, supply is unit elastic. Producers' response and price change are in same proportion. Es < 1, supply is inelastic. Producers are relatively unresponsive to price changes. Es approaches 0, supply is perfectly inelastic.

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