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What does price elasticity of supply measure or quantify?

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Elasticity questions from supply elasticity from Unit 3 Producer Behaviour and supply. These are some of the most confusing questions. It is short answer type question.

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  1. Price elasticity of supply measure the responsiveness of quantity supplied of a commodity to change in its own price.
    This questions answer is given in NCERT Solutions for class 9 Economics PDF book in the website.

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