Match goods PES: 1. Textile: p. Elastic 2. Labour: q. Basic 3. Plant: r. Simple
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
Textile production requires relatively simple facilities and unskilled labour, leading to an elastic supply.
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