Advertisements
Advertisements
प्रश्न
Identify the elasticity of supply for the following with proper reasoning:
Short run and long run period.
उत्तर
Short-run supply elasticity is lower due to the assumption that producers cannot increase supply in the short term. However, in the long run, supply elasticity is higher. In the long run, manufacturers have time to alter supply.
APPEARS IN
संबंधित प्रश्न
Explain briefly the impact of the cost of production on the elasticity of supply.
What is the formula for percentage method of calculating price elasticity of supply?
Identify the elasticity of supply for the following with proper reasoning:
Perishable and durable goods.
Which of the following measures of price elasticity shows elasticity shows elastic supply?
Pick the option which does not belong to the group.
When the percentage change in the quantity supplied of a commodity is exactly equal to the percentage change in its price it is known as ______.
Assertion (A): In case of perfectly inelastic supply, supply curve is a vertical straight line supply curve.
Reason (R): Supply does not change with change in price in case of Es = 0.
The coefficient of elasticity of a commodity is 0.4. What percentage change in supply will take place if its price rises 20%?
The quantity of a commodity supplied increases by 25% when its price rises by 10%. Calculate price elasticity of supply.
Draw and briefly explain a perfectly inelastic supply curve.
Draw and briefly explain a perfectly elastic supply curve.
Draw and explain the following degree of elasticity of supply.
Ep > 1
What do you mean by elastic supply?
When is supply of a good unitary elastic?
What do you mean by perfectly inelastic supply?
Explain the percentage method of measuring price elasticity of supply.
Draw a straight line supply curve of the following situation.
More than unitary elastic
Draw relatively elastic supply.
