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प्रश्न
Choose the correct alternative from given options:
The coefficient of price elasticity of supply of a good is 3. It is known as ___________.
पर्याय
Unitary Elastic Supply
Perfectly Inelastic Supply
Elastic Supply
Inelastic Supply
उत्तर
The coefficient of price elasticity of supply of a good is 3. It is known as elastic supply.
Hence, the correct answer is option Elastic Supply.
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संबंधित प्रश्न
Elasticity of supply
Individual supply and Market supply.
When price of a good rises from Rs 10 to Rs 12 per unit the producer supplies 10 percent more. Calculate price elasticity of supply.
Price elasticity of supply of a good is 2. A producer supplies 100 units of a good at a price of Rs 20 per unit. At what price will he supply 80 units?
When the price of a commodity changes from Rs 4 per unit to Rs 5 per unit, its market supply rises from 100 units to 120 units. Calculate the price elasticity of supply. Is supply elastic? Given reason
Explain the effect of technological progress on supply of a good.
Explain, with reason, whether you Agree or Disagree with the following statement
There is no difference between stock and supply.
A firm supplies 10 units of a good at a price of Rs 5 per unit. Price elasticity of supply is 1.25. What quantity will the firm supply at a price of Rs 7 per unit?
State whether the following statement is true or false :
Supply of perishable goods is inelastic.
Give reason or explain the following statement:
The supply of agriculture commodity is relatively inelastic.
Give reason or explain the following statement:
A monopolist can control the supply of goods .
Give reason or explain the following statement:
The supply of land is inelastic .
Fill in the blank with appropriate alternative given below
An increase in supply means selling a ____________ amount at the same price.
State whether the following statement is TRUE and FALSE.
Total Cost is the total expenditure incurred by a firm.
Define or explain the following concept:
Total Cost
Give reason or explain:
When price rises, supply expands.
Answer the following about 200 to 250 words
What are the assumptions law of supply?
