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Formula for Sum of n Terms of an AP

If the quanti...

Question

If the quantity supplied exactly equal to the relative change in price than the elasticity of supply is?

A

Less than one

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B

Greater than one

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C

One

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D

None of these

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Solution

The correct option is A One
If $Δ Q = Δ P$ the $E s = 1$ (one).
So if the quantity supplied exactly equal to the relative change in price than the elasticity of supply is 1

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