Question
If the quantity supplied increases from 90 to 120 with an increase in the price from Rs.4.5 to Rs.6, find the range of price elasticity.
If the quantity supplied increases from 90 to 120 with an increase in the price from Rs.4.5 to Rs.6, find the range of price elasticity.
| Perfectly elastic supply | ||
| Perfectly inelastic supply | ||
| Elastic supply | ||
| Unitary elasticity supply |
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
