Assume that the price of product Y decreases by 5% and the quantity supplied decreases by 2%. The coefficient of price elasticity of supply for product Y is:

06 Apr, 2025

প্রশ্ন Assume that the price of product Y decreases by 5% and the quantity supplied decreases by 2%. The coefficient of price elasticity of supply for product Y is:

  • ক.
    Negative and therefore Y is an inferior product.
  • খ.
    Less than one and therefore supply is-inelastic
  • গ.
    More than-one and therefore supply is elastic,
  • ঘ.
    Negative & supply curve is download slopping.

সঠিক উত্তর

Less than one and therefore supply is-inelastic

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