Economy, asked by ishitgaur1010pat2vi, 9 months ago

the long run if elasticity of production is greater than one then​

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Answered by mudavathsaroja
2

Answer:

If elasticity is greater than 1 and the supply curve shifts to the left, price will rise. Thus revenue will decrease. -If elasticity is less than 1 and the supply curve shifts to the left, price will rise. Thus revenue will increase

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