Economy, asked by schandra1983, 10 months ago

The concept of elasticity for demand is importance for determining the prices of various factors of production. Discuss the various factors that influences the price elasticity of demand.

Answers

Answered by hydratejes

0

Answer:

Factors of production are :-

1) according to their elasticity of demand

2) demand of factor in inelastic

3) it prices will be high and if it is elastic, it's price will be low

Explanation:

f

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