Economy, asked by DeepsikhaBasumatary, 5 months ago

What will be the effect of prise changed on supply of a commodity exchange with perfectly in elasticity? ​

Answers

Answered by bhanjanbipat7
1

Answer:

When supply is perfectly inelastic, then change in demand does not affect the equilibrium quantity. It only changes the equilibrium price. The change may be either an 'Increase in Demand' or 'Decrease in Demand'.

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