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23-08-2022
Social Studies

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the elasticity of demand for a product can be determined by analyzing the change in total revenue as a result of a change in price. Explain why this method can't be used to determine the elasticity of supply for a product

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cutebunny3211 cutebunny3211

23-08-2022

Answer:

Elasticity of supply for a product is based on two factors: the change in quantity of a product and the change in price of a product

Explanation:

There is a formula that I saw

I hope this helps, have a blessed day. :D

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