Question: PES for a normal good should be negative positive this is because there is on inverse/positive relationship between cries and quantity supplied A steep/shollow supply

PES for a normal good should be negative positive this is

PES for a normal good should be negative positive this is because there is on inverse/positive relationship between cries and quantity supplied A steep/shollow supply curve surrests that the good is inelastic i.c. supply is relatively unresponsive/responsive to a change in price For a good which is elastic in nature, the percentone change in quantity supplied is less/more than the percentage change in price

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