What is the long-run price elasticity of supply?

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Solution

In the long run elasticity of supply is more since all the factors of production are utilised to increase the supply of the products.

Also see:

Price Elasticity of Demand Formula

Cross Price Elasticity of Demand Formula

Price Elasticity of Supply Formula

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What does the price elasticity of supply mean? How do we measure it?

At the market price of Rs.10,a firm supplies 4 units of output.The market price increased to Rs.30.The price elasticity of the firm supply is 1.25.what quantity will the firm supply at the new price?

At the market price of Rs 10, a firm supplies 4 units of output. The market price increases to Rs 30. The price elasticity of the firm’s supply is 1.25. What quantity will the firm supply at the new price?

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What is the long-run price elasticity of supply?

In the long run elasticity of supply is more since all the factors of production are utilised to increase the supply of the products. Also see: Price Elasticity of Demand Formula Cross Price Elasticity of Demand Formula Price Elasticity of Supply Formula

In the long run elasticity of supply is more since all the factors of production are utilised to increase the supply of the products.

Also see:

Price Elasticity of Demand Formula

Cross Price Elasticity of Demand Formula

Price Elasticity of Supply Formula