Price elasticity of supply of a good is 2. It shows that :

1.	Price elasticity of supply of a good is 2. It shows that :
Answer» <html><body><p>When price falls by `<a href="https://interviewquestions.tuteehub.com/tag/1-256655" style="font-weight:bold;" target="_blank" title="Click to know more about 1">1</a>%` supply <a href="https://interviewquestions.tuteehub.com/tag/rises-1189694" style="font-weight:bold;" target="_blank" title="Click to know more about RISES">RISES</a> by `<a href="https://interviewquestions.tuteehub.com/tag/2-283658" style="font-weight:bold;" target="_blank" title="Click to know more about 2">2</a>%`.<br/>When supply falls by `1%` ,price rises by `2%`.<br/>When price rises by `1%`, supply rises by `2%`.<br/>When supply rises by `1%` , price rises by `2%`.</p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/c-7168" style="font-weight:bold;" target="_blank" title="Click to know more about C">C</a></body></html>

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