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  • Perfectly Inelastic Supply curve is … #141
  • Supply is said to be unit elastic if the absolute value of the own price elasticity is equal to … #142
  • Calculating the Price Elasticity of Supply by the percentage change in the quantity supplied due to the percentage change in price is … method. #143
  • Rational consumer will take an action only when the marginal benefit of the action … the marginal cost. #144
  • Price Elasticity of Supply of perishable goods is … #145
  • In order to control the market outcomes Government use the tools of #146
  • Price ceiling brings a … in a market. #147
  • A legal … on the price at which a good can be sold is called Price Floor. #148
  • Price floor brings a … in a market. #149
  • The manner in which the burden of a tax is shared among participants in a market is called … #150
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