Fewpal
0 votes
25 views
in Economics by (15 points)
edited by

Why is elasticity of supply always a positive number?

Please log in or register to answer this question.

1 Answer

0 votes
by (50.2k points)

Elasticity of Supply is always positive because the Law of Supply says that quantity supplied increases with an increase in price.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...