Question

the elasticity of demand for a product can be determined by analyzing the change in total revenue as a result of a change in price. Explain why this method can't be used to determine the elasticity of supply for a product

Answer 1

Elasticity of supply for a product is based on two factors: the change in quantity of a product and the change in price of a product

Step-by-step explanation:

There is a formula that I saw

I hope this helps, have a blessed day. :D