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प्रश्न
What is meant by elasticity of supply?
उत्तर
The percentage change in quantity supplied that results from a percentage change in a commodity's price is known as the price elasticity of supply.
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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 value of elasticity of supply for the supply curve OS and S1S2.
Identify the elasticity of supply for the following with proper reasoning:
Nature of the entrepreneurs.
Pick the option which does not belong to the group.
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.
Define price elasticity of supply.
Indicate the degree of elasticity on the supply curve given below:
What is meant by inelastic supply?
