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Question Practice

If the price elasticity of supply is greater than 1, what does this indicate about supply?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
The Theory Of The Firm Under P...
Question Bank

If the price elasticity of sup...

Single Answer MCQ
Q-00089583

If the price elasticity of supply is greater than 1, what does this indicate about supply?

1

Supply is elastic

2

Supply is inelastic

3

Supply is perfectly inelastic

4

Supply is perfectly elastic

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