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As a result of 20 percent fall in the price of X, its supply falls from 500units to 450units.

+1 vote

asked Mar 6, 2019 in Class 12 by kratos

As a result of 20 percent fall in the price of X, its supply falls from 500units to 450units. Calculate its price elasticity of supply.

class-12
supply and elasticity of supply
cbse

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1 Answer

+1 vote

answered Jan 21, 2020 by kratos

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Given: 20% fall in price of X

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