Economy, asked by Anonymous, 1 year ago

what is price elasticity of supply

Answers

Answered by khushi365

price elasticity of supply is a measure used in economics to show the responsiveness ,or elasticity of the quantity supplied of a good or service to a change in its price

Answered by adithyakrishnan6137

Answer:

Price elasticity of supply refers to the degree of responsiveness of supply of a commodity with reference to change in its price.

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