Elasticity of supply

Responsiveness of producers to changes in the price of their goods or services. As a general rule, if prices rise so does the supplyElasticity of supply is measured as the ratio of proportionate change in the quantity supplied to the proportionate change in price.

6 comments:

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    Replies
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  3. Plz easy English me answer banaye ta ke hame yaad krne me difficulty na ho

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