Price elasticity of supply is unitary. …
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Price elasticity of supply is unitary. What could be the percentage change in quantity supplied if its price increases by 10%
Posted by Aman Kaur 4 years ago
- 3 answers
Arushi Sareen 4 years ago
Elasticity of supply is ∆Q/∆P so if elasticity is 1 (unitary).. ∆Q=∆P and since change in price is 10% , change in quantity would also be 10%
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Aman Kaur 3 years, 11 months ago
0Thank You