If the proportionatechangein thequantitysuppliedof a commodityis lessthantheproportionatechangein itsprice, price elasticityis greater than unity.

If the proportionatechangein thequantitysuppliedof a commodityis lesst

1.	If the proportionatechangein thequantitysuppliedof a commodityis lessthantheproportionatechangein itsprice, price elasticityis greater than unity.
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/false-459184" style="font-weight:bold;" target="_blank" title="Click to know more about FALSE">FALSE</a>: In such a <a href="https://interviewquestions.tuteehub.com/tag/case-910082" style="font-weight:bold;" target="_blank" title="Click to know more about CASE">CASE</a>, <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> elasticityis <a href="https://interviewquestions.tuteehub.com/tag/lessthan-1072531" style="font-weight:bold;" target="_blank" title="Click to know more about LESSTHAN">LESSTHAN</a> unity.</body></html>