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प्रश्न
Define a relatively elastic supply.
उत्तर
Supply of a commodity will be said to be elastic if the percentage change in quantity supplied exceeds the percentage change in price (Es > 1).
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संबंधित प्रश्न
Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.
Draw a perfectly elastic supply curve.
Explain any three factors affecting elasticity of supply.
Choose the correct term for the given definition.
The ratio between the percentage change in supply to a percentage change in price.
Pick the option which does not belong to the group.
When there is no change in price, but quality supplied changes, it implies a situation of ______.
Explain any four determinants of elasticity of supply.
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?
Draw a straight line supply curve of the following situation.
More than unitary elastic
