Price elasticity of supply of a good is 2. It shows that :A. When price falls by `1%` supply rises by `2%`.B. When supply falls by `1%` ,price rises by `2%`.C. When price rises by `1%`, supply rises by `2%`.D. When supply rises by `1%` , price rises by `2%`.

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

1.	Price elasticity of supply of a good is 2. It shows that :A. When price falls by `1%` supply rises by `2%`.B. When supply falls by `1%` ,price rises by `2%`.C. When price rises by `1%`, supply rises by `2%`.D. When supply rises by `1%` , price rises by `2%`.
Answer» Correct Answer - C