Assess whether the concept of price elasticity of supply or cross elasticity of demand will be more useful to a business wanting to increase its total sales in a growing economy.
Exam No：9708_w23_qp_22 Year：2023 Question No：2(b)
Answer:
Knowledge points:
2.2.1 definition of price elasticity, income elasticity and cross elasticity of demand (PED, YED, XED)
2.3.1 definition of price elasticity of supply (PES)
Solution:
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