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प्रश्न
What is the formula for percentage method of calculating price elasticity of supply?
उत्तर
Percentage method for calculating price elasticity of supply:
Price elasticity of supply refers to the ratio of percentage change in quantity supplied to the percentage change in price.
`e_s = "Percentage change in Quantity Supplied"/"Percentage change in Price"`
`e_s = ((ΔQ)/Q xx 100)/((ΔP)/P xx 100)`
= `(ΔQ)/(ΔP) xx P/Q`
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संबंधित प्रश्न
Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:
A 10 per cent increase in price of a good causes 5 per cent increase in its quantity supplied, elasticity of supply will be ______.
With the help of a formula calculate the elasticity of supply from the following table:
| Price | Quantity supplied |
| 10 | 200 |
| 15 | 225 |
The price of a commodity rises from ₹ 20 to ₹ 40 Consequently, its supply increases from 100 units to 400 units. Calculate price elasticity 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.
Give the meaning of perfectly inelastic supply.
Define price elasticity of supply.
Draw the supply curve showing price elasticity of supply less than one.
Draw and explain the following degree of elasticity of supply.
Ep > 1
What is meant by inelastic supply?
