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प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
उत्तर
When the percentage change in quantity supplied is greater than the percentage change in price, then supply for such a commodity is said to be highly elastic. In such a case, Es > 1, and the straight line supply curve originates from the Y-axis, as shown in the following diagram.
संबंधित प्रश्न
Draw a perfectly elastic supply curve.
Explain any three factors affecting elasticity of supply.
When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
Which of the following measures of price elasticity shows elasticity shows elastic supply?
Choose the correct term for the given definition.
The ratio between the percentage change in supply to a percentage change in price.
Elasticity of supply is measured by:
When there is no change in price, but quality supplied changes, it implies a situation of ______.
Draw and briefly explain a perfectly inelastic supply curve.
Draw and briefly explain a perfectly elastic supply curve.
What do you mean by elastic supply?
