CSS Economics Solved Mcqs

Q.  In May 2013, firm was supplying 500kg of sugar of market price of Rs. 30/- per kg. During June 2013, firm's supply of sugar had decreased to 450kg at price Rs. 20/- per kg. These changes show that supply of sugar is:

a. Perfectly elastic
b. Perfectly inelastic
c. Less elastic
d. More elastic


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