Assume that the price of product Y decreases by 5% and the quantity supplied decreases by 2%. The coefficient of price elasticity of supply for product Y is:

Negative and therefore Y is an inferior product.

Less than one and therefore supply is-inelastic

More than-one and therefore supply is elastic,

Negative & supply curve is download slopping.

উত্তর সিলেক্ট করলে সঠিক ও ভুল দেখাবে।

ব্যাখ্যা ও সঠিক সমাধান

উত্তর: Less than one and therefore supply is-inelastic

বিস্তারিত সমাধান