Exceptions to law of supply class 11 Microeconomics notes
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Course Description
Kinds of elasticity of suppl,
in this course we will learn about the different types of elasticity of supply, which measure how much the quantity supplied of a good changes in response to a change in its price. You’ll explore five main types: perfectly elastic supply, perfectly inelastic supply, relatively elastic supply, relatively inelastic supply, and unitary elastic supply. The course explains each type with definitions, graphs, and real-world examples, helping you visualize and apply the concepts easily. You'll also learn the factors that influence supply elasticity, such as production time, availability of resources, and flexibility of production. This course is ideal for students, educators, and anyone interested in economics or business strategy. By the end, you’ll be able to analyze market behaviors more accurately and understand how elasticity affects pricing, policy, and business decisions. Commerce lectures
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