Question
Define price elasticity of supply. How is it measured?
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|
Year
|
2003
|
2004
|
2005
|
2006
|
|
Exports (crore in ₹)
|
73
|
80
|
85
|
80
|
|
Imports (crore in ₹)
|
70
|
72
|
75
|
85 |
|
Salary (in ₹)
|
40
|
45
|
48
|
50
|
55
|
60
|
|
Number of Labourers
|
5
|
7
|
6
|
10
|
5
|
8
|