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प्रश्न
Draw and explain the following degree of elasticity of supply.
Ep > 1
उत्तर
Supply of a commodity will said to be elastic, if the percentage change in quantity supplied exceeds the percentage change in once. In other words, elastic supply is one in which elasticity is greater than one indicating high responsiveness supply in it the change price.
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संबंधित प्रश्न
Explain briefly the impact of the cost of production on the elasticity of supply.
Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:
When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
If price elasticity of supply is greater than 1, then supply is said be elastic.
Choose the correct term for the given definition.
The ratio between the percentage change in supply to a percentage change in price.
When an entrepreneur introduces a new technique or a new product, it is called ______.
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 ______.
Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column:
| Column I | Column II |
| A. Perfectly Inelastic | (i) Es > 1 |
| B. Perfectly Elastic | (ii) Es < 1 |
| C. Inelastic | (iii) Es = 0 |
| D. Highly Elastic | (iv) Es = infinity |
Choose the correct alternative:
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.
How is elasticity of supply measured according to percentage method?
Give the meaning of perfectly inelastic supply.
Indicate the degree of elasticity on the supply curve given below:
What do you mean by perfectly inelastic supply?
Draw a straight line supply curve of the following situation.
More than unitary elastic
Draw relatively elastic supply.
