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Quantity
Quantity
18-24
Activity
The price of a commodity changes from Rs. 40 to Rs. 45 per unit,the total quantity supplied of the commodity by the sellers is increased from 1,000 units to 1200 units then calculate the elasticity of Supply? You want to manufacture a commodity,the supply of which is completely under your control.Also the supply of which should be elastic,in order to avoid huge losses.Which factor would you want to be in your stride and why?