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What is Price Elasticity of Cars in India (2014-2015) about?

The document analyzes the price elasticity of supply for 20 car models in India between 2014 and 2015. It provides the price and quantity supplied for each model in both years to calculate price elasticity. The models are classified based on their elasticity values into perfectly elastic, relatively elastic, unitary elastic, relatively inelastic, and perfectly inelastic. The analysis finds that Celerio has the highest price elasticity at 9.3381 while WagonR has the lowest at 0.0625.

Author

Nitheesh Nagul

Language

EN