Due to introduction of 5G Mobile in the market. The price of such Mobile have increased of 20% and there by supply increased by 40% the elasticity…
CA Foundation · Business Economics · MTP · June 2024
Due to introduction of 5G Mobile in the market. The price of such Mobile have increased of 20% and there by supply increased by 40% the elasticity of supply will be which of the following?
Suggested Answer and Working Notes:
Correct Answer: Option (D)
D. 2
Topics: Theory of Demand and Supply
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