Saved Bookmarks
| 1. |
In the long period , the supply for a commodity is :A. Perfectly InelasticB. Less ElasticC. Highly ElasticD. Perfectly Elacstic |
|
Answer» Correct Answer - C In long run, supply of a good is highly elastic as quantity supplied is more responsive to the change in price. So, correct option is (C). |
|