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प्रश्न
Explain the percentage method of measuring price elasticity of supply.
उत्तर
Price elasticity of supply is measured by the ratio of the percentage change in quantity supplied to the percentage change in price of the commodity.
Es = `("Percentage change in quantity supplied of a commodity")/("Percentage change in the price of the commodity")`
संबंधित प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.
Identify the elasticity of supply for the following with proper reasoning:
Primitive and advanced technology.
Identify the elasticity of supply for the following with proper reasoning:
Short run and long run period.
Identify the elasticity of supply for the following with proper reasoning:
Perishable and durable goods.
What is the degree of elasticity of supply in the diagram?
When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
Pick the option which does not belong to the group.
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
Which of the following measures of price elasticity shows inelastic supply?
When is the supply of a commodity is called elastic?
Draw a straight line supply showing elasticity greater than one.
Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?
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 ______.
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.
Using graphs, explain any four types of elasticity of supply.
What do you mean by elastic supply?
What do you mean by perfectly inelastic supply?
Why is the supply of eggs inelastic?
Draw relatively elastic supply.
