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The elasticity of supply will be inelastic, if the production technique of a commodity is complex and, if the technique is simple, then elasticity will not be rigid. Total No of Views : 2434 |
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Supply - Supply vs Stock Supply of a commodity is the part of the stock which sellers are ready to sell in the market. |
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Cost - Total Cost Total Cost is the sum total of different expenses incurred by the producer in producing a particular quantity of the commodity . |