Question
Assume there is an increase in the demand for hand calculators. The subsequent: A.decline in price will be greater the greater the elasticity of supply.
Assume there is an increase in the demand for hand calculators. The subsequent:
A.decline in price will be greater the greater the elasticity of supply. B.increase in price will be greater the greater the inelasticity of supply. C.increase in price will be greater the greater the elasticity of supply. D.increase in price will be greater in the long run than in the short run.
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A Textbook Of Mathematical Economics
Authors: Dr Chandrakant Singh
1st Edition
9353140986, 9789353140984
