Question

the percentage change in quantity supplied of commodity X is more than the

percentage change in price of the commodity X, the coefficient of price elasticityof supply would be_________.Es=1 (b) Es < 1

(c) Es=0 (d) Es > 1​

Answer 1

Explanation:

If the proportionate change in demand is smaller than the change in price; then elasticity of demand is always less than 1.