case of inverse relation between Quantity Supplied and Price.
If P is price and Q is quantity supplied, then which of the following equations gives a price elasticity of supply of 1 at all quantities.?
A. P = x – Q (for x > Q)
B. P = 1/Q
C. P = x + Q
here answer is B, so is there any case where Quantity Supplied and Price inversely related?
Last edited: Sep 10, 2015