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The price elasticity of supply of x is half the |
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Answer» ong>Explanation: The price elasticity of supply of good X is HALF the price elasticity of supply of good Y. A 10% rise in price of good Y results in a rise in its supply from 400 units to 520 units calculate the PERCENTAGE CHANGE in quantity supplied of good X when its price FALLS from Rs. 10 to Rs. 8 PER unit |
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