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| Q. |
If a dealer is prepared to supply 1000 sets of a 29” Color TV if the price is `12,000 per set, however if the price raises to `15,000 he is prepared to supply 1,500 pieces. The elasticity of supply of TV set is |
| A. | 1 |
| B. | 2 |
| C. | 0.75 |
| D. | 1.4 |
| Answer» B. 2 | |
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Fundamentals of Economics and ManagementNo comments yet