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प्रश्न
Distinguish between the following.
Percentage method of measuring the elasticity of supply and Geometric method of measuring the elasticity of supply.
उत्तर
| Percentage Method | Geometric Method |
| Under percentage method, the elasticity of supply is derived as the ratio of percentage change in quantity supplied to a percentage change in the price of the commodity. | Under the geometric method, the elasticity of supply is determined at different points on the supply curve |
|
It involves mathematical calculation. Algebraically, `e_s = ("ΔQ"/Q)/("Δp"/P)` |
It does not involve any mathematical calculation. The elasticity is determined just by looking at the supply curve. |
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संबंधित प्रश्न
If price falls, the supply curve will shift to the left.
Explain the distinction between “change in quantity supplied’ and “change in supply”. Use diagram.
Examine the effect of (a) fall in the own price of good X and (b) rise in tax rate on good X, on the supply curve. Use diagrams.
When does ‘increase’ in supply take place?
When does 'decrease' in supply take place?
Explain how technological progress is a determinant of supply of a good by a firm.
How does subsidy influence the supply of a good by a firm? Explain.
What is meant by ‘increase’ in supply?
Write short answer for the following question :
Explain the increase in supply and decrease in supply.
State with reason whether you agree or disagree with the following statements. (any Three)
Supply curve slope upward from left to right.
Distinguish between :
Percentage method of counting elasticity of demand and Geometric method of counting elasticity of demand.
Give reasons or explain the following statements
The relationship between price and supply is positive.
Answer the following questions in detail.
What is meant by Supply? State its determinants.
Answer with reasons whether you agree or disagree with the following statement:
The supply curve slopes downward from left to right.
Fill in the blank with appropriate alternative given below
Total Revenue ÷ Number of units Sold = ________________ .
State whether the following statement is TRUE and FALSE.
Stock is the source of supply.
State whether the following statement is TRUE and FALSE.
Supply is indirectly related to price.
State whether the following statement is TRUE and FALSE.
Supply for perishable goods is inelastic.
Give reason or explain:
The supply of agricultural commodity is relatively inelastic.
Distinguish between the following:
Individual Supply and Market Supply
Write short note on the following:
Market supply schedule.
Write short note on the following:
Change in supply.
Write short note on the following:
Labour supply curve.
Do you agree or disagree with the following statement? Give reason.
The backward slopping supply curve shown as inverse relationship between supply of labour and wage rate.
State with reason whether you 'agree' or 'disagree' with the following statement.
Supply depends on several factors.
