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    Question

    A producer received ₹ 6,000 when the price of a

    commodity was ₹ 60 per unit. The receipts increased to ₹ 8,400 when the price increased by ₹ 10. What can we say about the elasticity of supply?
    A Es = 1 Correct Answer Incorrect Answer
    B Es < 1 Correct Answer Incorrect Answer
    C Es > 1 Correct Answer Incorrect Answer
    D Es = 0 Correct Answer Incorrect Answer

    Solution

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