one expression of price elasticity of supply
Answers
Answered by
1
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
1
Answer -
Elasticity = % change in supply
or
demand / % change in price.
Similar questions
English,
2 months ago
Social Sciences,
2 months ago
Hindi,
4 months ago
Science,
9 months ago
Physics,
9 months ago