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प्रश्न
What is perfectly elastic supply?
उत्तर
Perfectly elastic supply is a situation where a small change in price leads to an infinite change in quantity supplied. Here, the supply curve is a horizontal straight line rising from the Y-axis, i.e. Es > 1.
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संबंधित प्रश्न
Price is the only determinant of supply.
When price of a good falls from Rs 20 to Rs 10 per unit, producer reduces supply from 100 units to 50 units. Calculate price elasticity of supply.
What is supply?
Give one reason for an “increase” in supply of a commodity.
State whether the following statement is true or false :
Under perfect competition price is determined by equilibrium of demand and supply.
Fill in the blank using proper alternative given in the bracket:
Other factors remaining constant, when price of a commodity raises there is ................. of supply.
Give reason or explain the following.
Supply is directly related to price.
State whether the following statements are True or False:
Better transport facility increases supply at the same price.
Define or explain the following concepts (Any THREE):
Stock
Fill in the blank with appropriate alternatives given in the bracket:
________ is one of the determinants of aggregate supply.
Fill in the blank with appropriate alternative given below
The vertical supply curve represents _____________ elasticity.
Define or explain the following concept:
Stock
Do you agree or disagree with the following statement? Give reason.
There is no difference between stock and supply.
Do you agree or disagree with the following statement? Give reason.
Price is the only determinant of supply.
Observe the following table and answer the questions:
Supply schedule of chocolates
| Price in ₹ | Quantity supplied in units |
| 10 | 200 |
| 15 | ______ |
| 20 | 300 |
| 25 | 350 |
| 30 | ______ |
| 35 | ______ |
| 40 | ______ |
- Complete the above supply schedule.
- Draw a diagram for the above supply schedule.
- State the relationship between price and quantity supplied.
Identify & explain the concept from the given illustration.
Amar sells 50 dozens of mangoes daily at ₹ 300/- per dozen.
Study the following table, figure, passage and answer the question given below it.
| Price in Rs. | Quantity supplied |
| 10 | 300 |
| 20 | ______ |
| 30 | 400 |
| 40 | 450 |
| 50 | ______ |
| 60 | 550 |
| 70 | 600 |
- Complete the above table (1m)
- State the relationship between Price and quantity supplied (1m)
- Draw supply curve based on above supply schedule (2m)
