Perfectly elastic supply problem
When will a rise in demand entail an increase in the quantity demanded however no change in the price?
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In case of perfectly elastic supply, the increase in demand causes no change in price however it will lead to a rise in quantity.
What is APS? APS = S/Y.It is the ratio of income to saving which is termed as APS.
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Cost: This refers to the money expenses acquired on the production of a specified amount of commodity.
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