CA CPT Model Test Paper 3 with solutions for online practice

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Question : 122 of 200

Marks: +1, -0

If as a result of a change in price, the quantity supplied of a good remains unchanged, we conclude that:

Elasticity of supply is perfectly inelastic
Elasticity of supply is relatively greater-elastic
Elasticity of supply is inelastic
Elasticity of supply is relatively less-elastic

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