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Give the meaning of price elasticity of supply and write the formula?
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Give the meaning of price elasticity of supply and write the formula?
The price elasticity of supply is the measure of the responsiveness in quantity supplied to a change in price for a specific good.




Elasticity=%Changeinquantity /%Changeinprice
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Give the meaning of price elasticity of supply and write the formula?
Yes
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Give the meaning of price elasticity of supply and write the formula?
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