Ask Question
20 October, 23:22

A manufacturer produces 1,000 units, regardless of the market price. for this firm, the price elasticity of supply is

+1
Answers (1)
  1. 20 October, 23:43
    0
    Zero.

    Price elasticity of supply is a measure of how much supply changes in response to a change in price. Since this company doesn't change their supply at all depending on the price, their elasticity of supply is zero.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A manufacturer produces 1,000 units, regardless of the market price. for this firm, the price elasticity of supply is ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers