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Home/ Questions/Q 189522
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Amandeep563
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Amandeep563
Asked: April 6, 20222022-04-06T04:30:39+00:00 2022-04-06T04:30:39+00:00In: Class 12 Economics

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.

class 12 economicsmacro economics class 12
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    1. Simrantaneja
      2022-06-19T15:09:19+00:00Added an answer on June 19, 2022 at 3:09 pm

      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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