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प्रश्न
Explain briefly the impact of the cost of production on the elasticity of supply.
उत्तर
If the cost of production increases, then there is an adverse impact on supply. If the cost of production increases, then the supply does not change with the change in price and the supply of such a commodity will be perfectly inelastic.
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संबंधित प्रश्न
Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.
Define a relatively elastic supply.
Identify the elasticity of supply for the following with proper reasoning:
Short run and long run period.
Elasticity of supply is measured by:
With the help of a formula calculate the elasticity of supply from the following table:
| Price | Quantity supplied |
| 10 | 200 |
| 15 | 225 |
How is elasticity of supply measured according to percentage method?
Indicate the degree of elasticity on the supply curve given below:
What is meant by elasticity of supply?
Using graphs, explain any four types of elasticity of supply.
Draw relatively elastic supply.
