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प्रश्न
If the price elsaticity of supply is 1 and the percentage change in price is 10, then the percentage change in quatity supplied should be ______.
विकल्प
10
Greater than 10
Le.sser than 10
1
उत्तर
If the price elsaticity of supply is 1 and the percentage change in price is 10, then the percentage change in quatity supplied should be 10.
Explanation:
The price elasticity of supply (Es) is calculated as:
Es = `("Percentage change in quantity supplied")/("Percentage change in price")`
1 = `("Percentage change in quantity supplied")/(10%`
Therefore, the percentage change in quantity supplied must also be 10% for the elasticity to equal 1.
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संबंधित प्रश्न
Explain briefly the impact of the cost of production on the elasticity of supply.
Draw a perfectly elastic supply curve.
What is the degree of elasticity of supply in the diagram?
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If price elasticity of supply is greater than 1, then supply is said be elastic.
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When an entrepreneur introduces a new technique or a new product, it is called ______.
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
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.
Draw a straight line supply showing elasticity greater than one.
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Explain any four determinants of elasticity of supply.
Give the meaning of perfectly inelastic supply.
If the price of a commodity falls by 10% and consequently, the quantity supplied decreases by 20%, what will be its elasticity of supply?
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Draw relatively elastic supply.
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
