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Why negative sign is elastic of demand but not a elastic of supply? explain?
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Why negative sign is elastic of demand but not a elastic of supply? ex...
It is because price and demand have negative relationship. price and supply have positive relationship
Community Answer
Why negative sign is elastic of demand but not a elastic of supply? ex...
As negative sign is used the relation of price and demand as supply have positive relation
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Read the report given below and answer the questions that follow:When, at a particular price level, aggregate demand for final goods equals aggregate supply of final goods, the final goods or product market reaches its equilibrium. Aggregate demand for final goods consists of ex-ante consumption, ex-ante investment, government spending, etc. The rate of increase in ex-ante consumption due to a unit increment in income is called marginal propensity to consume. For simplicity we assume a constant final goods price and constant rate of interest over short run to determine the level of aggregate demand for final goods in the economy. We also assume that the aggregate supply is perfectly elastic at this price. Under such circumstances, aggregate output is determined solely by the level of aggregate demand. This is known as effective demand principle. An increase (decreas e) in autonomous spending causes aggregate output of final goods to increase (decrease) by a larger amount through the multiplier process.At the price level mentioned in the case, Aggregate Supply is ____________.

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Why negative sign is elastic of demand but not a elastic of supply? explain?
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Why negative sign is elastic of demand but not a elastic of supply? explain? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Why negative sign is elastic of demand but not a elastic of supply? explain? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why negative sign is elastic of demand but not a elastic of supply? explain?.
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