Answer to Question #2259 in Microeconomics for mishi

Question #2259

Why PPF curve become concave?

Expert's answer

When the opportunuty cost is increasing or decreasing the PPF curve becomes concave.

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rajat kaushik

14.08.11, 09:08

Price elasticity of supply of a commodityis 1.2 is its supply elastic or inelastic and why?

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