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The elasticity of supply for the function s =100-5p^2. at p=3 (b) more than one (a) less than one (c) unitary (d) exactly 1
The elasticity of supply for the function S =100-5p^2. At P=3 (B) More than one (A) Less than one (C) unitary (D) exactly 1 can you please tell the answer as the answer given in the end of unit solved paper 4 seems incorrect
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Nidhi taparia Best Answer
Strangely enough, this seems like a situation of a negative relationship between supply and price (which is against the general idea of supply theory). Because here as price rises, supply falls.
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Nidhi taparia
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The answer should be (B) more than unity. Please find attached the image for complete solution.
![cropped8616087056004511226.jpg]()
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Nidhi taparia
Hi again. I've received a notification that you've submitted a request for clarification. Help me understand what part do you need the clarification about.