Elasticity of supply is equal to infinity when it is perfectly [...]; any decrease in price will lead to the quantity supplied falling to zero.
Answer
elastic
Tags
#cfa #economics #has-images
Question
Elasticity of supply is equal to infinity when it is perfectly [...]; any decrease in price will lead to the quantity supplied falling to zero.
Answer
?
Tags
#cfa #economics #has-images
Question
Elasticity of supply is equal to infinity when it is perfectly [...]; any decrease in price will lead to the quantity supplied falling to zero.
Answer
elastic
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Open it Elasticity of supply is equal to infinity when it is perfectly elastic; any decrease in price will lead to the quantity supplied falling to zero.
Original toplevel document
Elasticity of Supply - Revisionguru ntage change in price will lead to an equal percentage change in the quantity supplied.
A perfectly inelastic supply curve, with a value of zero, means that the quantity supplied doesn’t change irrespective of the level of demand.
<span>Elasticity of supply is equal to infinity when it is perfectly elastic; any decrease in price will lead to the quantity supplied falling to zero.
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Pages Economics
Economics AS Unit 1
The economic problem
Needs and wants The economic problem Scarcity Opportunity cost Economic resources (factors
Summary
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not learned
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37% [default]
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