nawalfarrukh3764 nawalfarrukh3764
  • 28-06-2024
  • Business
Answered

If the price elasticity of supply for zinc is 0.25, then the price elasticity of supply for zinc is :
a. Perfectly inelastic.
b. Unit elastic.
c. Relatively inelastic.
d. Perfectly elastic.
e. Relatively elastic.



Answer :

moazzamafirdaus777 moazzamafirdaus777
  • 28-06-2024

Answer:(c) Relatively Inelastic.

Explanation: Since the price elasticity of supply for zinc is less than 1, it means that price elasticity of supply for zinc is relatively inelastic.

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