In which market form elasticity is inelastic????
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Answered by
9
Heya....
Elasticity refers to change in quantity supplied ( as we r studying firm or market ) in response to change in own price of the commodity...
So it's your answer...
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MONOPOLY is that market in which supply elasticity is inelastic....
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Monopoly is the single seller of large used goods and the producer have total control over price...
So if he will raise some price or supply in high price then even consumer will buy it's products as they have no more subsitute if it....
-- Be Brainly....
Elasticity refers to change in quantity supplied ( as we r studying firm or market ) in response to change in own price of the commodity...
So it's your answer...
=====================
MONOPOLY is that market in which supply elasticity is inelastic....
=========
Monopoly is the single seller of large used goods and the producer have total control over price...
So if he will raise some price or supply in high price then even consumer will buy it's products as they have no more subsitute if it....
-- Be Brainly....
Answered by
1
hey mate ur ans
cross elasticity of demand is a very unsatisfactory measure of amarket structure. The cross elasticityof demand of a perfectly or purely competitive firm is zero because it produces a product which has so many homogeneous substitutes produced by other firms in the competitive industry.
cross elasticity of demand is a very unsatisfactory measure of amarket structure. The cross elasticityof demand of a perfectly or purely competitive firm is zero because it produces a product which has so many homogeneous substitutes produced by other firms in the competitive industry.
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