Price elasticity of supply of a good is 0.8. Is the supply elastic or inelastic? Why?

Price elasticity of supply of a good is 0.8. Is the supply elastic or inelastic? Why?

Monjur Alahi

6 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

Supply is elastic because supply of a good is more than one.

6 views Answered 2023-02-05 15:29

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