English, asked by denisef, 5 months ago

one expression of price elasticity of supply

Answers

Answered by mallesh4235

Answer:

For example, to determine how a change in the supply or demand of a product is impacted by a change in the price, the following equation is used: Elasticity = % change in supply or demand / % change in price. The price is a variable that can directly impact the supply and demand of a product.

Explanation:

Answered by AryaPratap18

Answer -

Elasticity = % change in supply

demand / % change in price.

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