q proportion of market supplied - determinants of, Managerial Economics

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q proportion of market supplied - determinants of

Q. Proportion of Market Supplied - Determinants of Demand?

Price elasticity of market demand moreover relies on the proportion of market supplied at the determined price. If less than half of the market is supplied at determined price, elasticity of demand would be higher if more than half of the market is supplied. Which means demand curve is more elastic at the upper half than at lower half.

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