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Draw a straight line supply showing elasticity greater than one. - Economic Applications

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प्रश्न

Draw a straight line supply showing elasticity greater than one.

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उत्तर

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Elasticity of Supply
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 3: Theory of Supply - QUESTIONS [पृष्ठ ७२]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
पाठ 3 Theory of Supply
QUESTIONS | Q 18. b | पृष्ठ ७२
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
पाठ 4 Theory of Supply
Exercise | Q 19. (ii) | पृष्ठ ९९

संबंधित प्रश्‍न

Explain briefly the impact of the cost of production on the elasticity of supply.


Draw a perfectly inelastic supply curve.


Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.


Draw a perfectly elastic supply curve.


What is the formula for percentage method of calculating price elasticity of supply?


Explain any three factors affecting elasticity of supply.


Identify the elasticity of supply for the following with proper reasoning:

Perishable and durable goods.


A 10 per cent increase in price of a good causes 5 per cent increase in its quantity supplied, elasticity of supply will be ______.


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.


If the price elsaticity of supply is 1 and the percentage change in price is 10, then the percentage change in quatity supplied should be ______.


Pick the option which does not belong to the group.


Assertion (A): In case of perfectly inelastic supply, supply curve is a vertical straight line supply curve.

Reason (R): Supply does not change with change in price in case of Es = 0.


When is the supply of a commodity is called elastic?


The coefficient of elasticity of a commodity is 0.4. What percentage change in supply will take place if its price rises 20%?


The quantity of a commodity supplied increases by 25% when its price rises by 10%. Calculate price elasticity of supply.


When there is no change in price, but quality supplied changes, it implies a situation of ______.


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.


Draw and briefly explain a perfectly elastic supply curve.


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.


Explain any four determinants of elasticity of supply.


Draw the supply curve showing price elasticity of supply equal to one.


Indicate the degree of elasticity on the supply curve given below:


What is meant by elasticity of supply?


Using graphs, explain any four types of elasticity of supply.


When is supply of a good unitary elastic?


Draw a straight line supply curve of the following situation.

More than unitary elastic


With the help of a suitable diagram, explain the following degree of elasticity of supply.

Es > 1


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