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प्रश्न
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
विकल्प
Relatively elastic supply
Relatively inelastic supply
Perfectly elastic supply
Unitary elastic supply
उत्तर
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have unitary elastic supply.
Explanation:
A linear supply curve starting from the origin and making a steep angle (such as 75 degrees) with the X-axis indicates that the quantity supplied changes by a smaller proportion compared to changes in price. This steep curve suggests that the supply is relatively inelastic, meaning that the elasticity of supply is less than 1.
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संबंधित प्रश्न
Explain briefly the impact of the cost of production on the elasticity of supply.
Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.
Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:
Identify the elasticity of supply for the following with proper reasoning:
Short run and long run period.
If price elasticity of supply is greater than 1, then supply is said be elastic.
- Price elasticity of supply of a good is 0.8, its supply is said to be inelastic.
- If the quantity supplied of a commodity remain the same whatever its price supply is said to perfectly inelastic.
Elasticity of supply is measured by:
Pick the option which does not belong to the group.
Define elasticity of supply.
Cotton and cotton seeds are examples of ______ supply.
The price of a commodity rises from ₹ 20 to ₹ 40 Consequently, its supply increases from 100 units to 400 units. Calculate price elasticity of supply.
Explain any four determinants of elasticity of supply.
Draw the supply curve showing price elasticity of supply less than one.
Indicate the degree of elasticity on the supply curve given below:
If the price of a commodity falls by 10% and consequently, the quantity supplied decreases by 20%, what will be its elasticity of supply?
Price elasticity of supply of a good is 0.8. Is the supply 'elastic' or 'inelastic', and why?
Define a relatively inelastic supply.
Draw relatively inelastic supply.
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
