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>> Elasticity of supply refers to the degree of responsiveness of supply of a commodity to changes in i...
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Engineering MCQs
CBSE MCQs
Q. Elasticity of supply refers to the degree of responsiveness of supply of a commodity to changes in its:
a.
Demand
b.
Price
c.
Costs of production
d.
State of technology
ANSWER: Price
Answer & Explanation
No explanation is available for this question!
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