Eco

when only one quantity can be supplied (tell us elasticity) ?

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when the supply is infinite at any one price (tell us elasticity)?

which graphically is shown as a linear supply curve coming from the origin (tell us elasticity)

Draw the graph of PES with perfectly inelasticity

Draw the graph of PES with perfectly elactisity

Formula of PES.

Draw the graph of PES with unit elasticity

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What does the positive sign of value reflect?

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