If the price of a commodity be raised by 40 but the supply increse by – InterviewSolution

1.	If the price of a commodity be raised by 40 but the supply increse by only 15% supply of such commodity would be. (a) Excessive elastic(b) Elastic(c) inelastic(d) completely inelastic.
Answer» C) INELASTIC 15/40 = 0.375Explanation:it COMES under inelastic SUPPLY

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