Advertisements
Advertisements
प्रश्न
Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.
उत्तर
A straight line supply curve intersects the point of origin when the percentage change in supply equals the percentage change in price. This is a known unit elastic, with Es equal to one.
APPEARS IN
संबंधित प्रश्न
Identify the elasticity of supply for the following with proper reasoning:
Nature of the entrepreneurs.
When the price increases by 50% and the supply increases only by 5% the price elasticity of supply of that commodity will be ______.
When the percentage change in the quantity supplied of a commodity is exactly equal to the percentage change in its price it is known as ______.
Which of the following measures of price elasticity shows inelastic supply?
Define price elasticity of supply.
Draw the supply curve showing price elasticity of supply less than one.
Draw and explain the following degree of elasticity of supply.
Ep > 1
When is supply of a good unitary elastic?
Draw a straight line supply curve of the following situation.
More than unitary elastic
Define a relatively inelastic supply.
