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Micro Economics > Supply > Flashcards

Supply Flashcards

1
Q

What is PES?

A

It is the responsivness of quantity supplied to a change in the price of a good.

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2
Q

Determinants of PES?

A

Time period,storage,spare capacity,pes of factors of production,mobility of factors of production.

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Micro Economics (9 decks)

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