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Supply and elasticity of supply
- 2. DEFINATION SUPPLY REFERS TO THE QUANTITY OF A COMMODITY A SELLER IS PREPARED TO SELL AT A GIVEN PRICE AND DURING SOME PARTICULAR TIME.
- 5. WHAT IS ELASTICITY OF SUPPLY-
- 6. DEFINATION- ELASTICITY OF SUPPLY CAN BE DEFINED AS A MEASURE OF DEGREE OF RESPONSIVENESS OF SUPPLY TO CHANGE IN PRICE
- 7. IN MATHEMATICAL TERMS IT CAN BE MESURED BY- E S =PERCENTAGE OF CHANGE IN QUANTITY SUPPLIED / PERCENTAGE CHANGE IN PRICE
- 8. THANKS FOR COOPERATING FREINDS