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Identify the value of elasticity of supply for the supply curve OS and S1S2. - Economic Applications

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प्रश्न

Identify the value of elasticity of supply for the supply curve OS and S1S2.

विकल्प

  • OS > 1, S1S2 < 1

  • OS < 1, S1S2 > 1

  • OS < 1, S1S2 = 1

  • OS = 1, S1S2 > 1

MCQ

उत्तर

OS = 1, S1S2 > 1

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Elasticity of Supply
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2024-2025 (April) Specimen Paper

संबंधित प्रश्न

With the help of a suitable diagram, explain the following degree of elasticity of supply.

Es = ∞


Which of the following statements are true?

The cost of production will increase if

  1. The government gives subsidies
  2. The firm uses obsolete technology
  3. The price of diesel increases

Elasticity of supply is measured by:


Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column:

Column I Column II
A. Perfectly Inelastic (i) Es > 1
B. Perfectly Elastic (ii) Es < 1
C. Inelastic (iii) Es = 0
D. Highly Elastic (iv) Es = infinity

Choose the correct alternative:


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Draw a straight line supply showing elasticity greater than one.


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Cotton and cotton seeds are examples of ______ supply.


If the price of a commodity increases by 50% and its supply increases by 25% then calculate the price elasticity of supply following the percentage method. Identify the degree of price elasticity.


Draw the supply curve showing price elasticity of supply equal to one.


Indicate the degree of elasticity on the supply curve given below:


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With the help of a suitable diagram, explain the following degree of elasticity of supply.

Es > 1


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