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प्रश्न
Give reason or explain the following statement:
The supply of agriculture commodity is relatively inelastic.
उत्तर
Production of agricultural commodities depends on natural factors such as rainfall, climatic conditions etc. Due to unforeseen changes in weather, the agricultural productions is low, then their supply cannot be increased even at a higher price. As a result, the supply of agricultural commodities is relatively inelastic.
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संबंधित प्रश्न
Relatively elastic supply
Elasticity of supply
Individual supply and Market supply.
A producer supplies 80 units of a good at a price of Rs 10 per unit. Price elasticity of supply is 4. How much will he supply at Rs 9 per unit?
When price of a commodity falls from Rs 12 per unit to Rs 9 per unit, the producer supplies 75 percent less output. Calculate price elasticity of supply.
When price of a good rises from Rs 10 to Rs 12 per unit the producer supplies 10 percent more. Calculate price elasticity of supply.
When price of a good rises from Rs 8 per unit to Rs 10 per unit, producer supplies 40 units more. Price elasticity of supply is 2. What is the quantity supplied before the price change? Calculate
When price of a good raises from Rs 12 per unit to Rs 15 per unit the producer supplies 50 per cent more output. What is the price elasticity of supply? Calculate.
When price of a good falls from Rs 20 to Rs 10 per unit, producer reduces supply from 100 units to 50 units. Calculate price elasticity of supply.
When the price of a commodity changes from Rs 4 per unit to Rs 5 per unit, its market supply rises from 100 units to 120 units. Calculate the price elasticity of supply. Is supply elastic? Given reason
Explain the effect of technological progress on supply of a good.
What is supply?
Supply is inversely related to price.
Give one reason for an “increase” in supply of a commodity.
A firm supplies 10 units of a good at a price of Rs 5 per unit. Price elasticity of supply is 1.25. What quantity will the firm supply at a price of Rs 7 per unit?
State the components of supply of money.
State whether the following statement is true or false :
Supply of perishable goods is inelastic.
Give reason or explain the following statement:
A monopolist can control the supply of goods .
Give reason or explain the following statement:
The supply of land is inelastic .
Fill in the blank using proper alternative given in the bracket:
Other factors remaining constant, when price of a commodity raises there is ................. of supply.
Define or explain the following concepts (Any THREE):
Stock
Fill in the blank with appropriate alternative given below
When the price rises, there is __________ of supply.
Fill in the blank with appropriate alternative given below
The vertical supply curve represents _____________ elasticity.
State whether the following statement is TRUE and FALSE.
Geometric Method is also known as Point Method.
Define or explain the following concept:
Total Cost
Define or explain the following concept:
Stock
Define or explain the following concept:
Output
Define or explain the following concept:
Elasticity of Supply
Give reason or explain:
With a slight change in the price, if supply varies in a greater proportion then supply is said to be relatively elastic.
Give reason or explain:
Stock can exceed supply.
Give reason or explain:
When price rises, supply expands.
Distinguish between the following:
Relatively Elastic Supply and Relatively Inelastic Supply
Write short note on the following:
Elasticity of supply.
Answer the following question:
What are the exceptions to the law of supply?
Answer the following about 200 to 250 words
What are the assumptions law of supply?
Answer the following about 200 to 250 words
State and explain the law of supply. What are the exceptions to this law?
Answer the following about 200 to 250 words
Explain various types of Price elasticity of Supply.
Answer the following about 200 to 250 words
Explain various methods to measure Price Elasticity of Supply.
Give reason or explain the following.
Law of supply is not applicable to rare articles.
Choose the correct alternative from given options:
The coefficient of price elasticity of supply of a good is 3. It is known as ___________.
Observe the following table and answer the questions:
Supply schedule of chocolates
| Price in ₹ | Quantity supplied in units |
| 10 | 200 |
| 15 | ______ |
| 20 | 300 |
| 25 | 350 |
| 30 | ______ |
| 35 | ______ |
| 40 | ______ |
- Complete the above supply schedule.
- Draw a diagram for the above supply schedule.
- State the relationship between price and quantity supplied.
Explain any four exceptions to the law of supply
Study the following table, figure, passage and answer the question given below it.
| Price in Rs. | Quantity supplied |
| 10 | 300 |
| 20 | ______ |
| 30 | 400 |
| 40 | 450 |
| 50 | ______ |
| 60 | 550 |
| 70 | 600 |
- Complete the above table (1m)
- State the relationship between Price and quantity supplied (1m)
- Draw supply curve based on above supply schedule (2m)
State and explain the law of supply.
