Advertisements
Advertisements
प्रश्न
Identify the elasticity of supply for the following with proper reasoning:
Primitive and advanced technology.
उत्तर
In advanced technologies, supply elasticity is greater than 1. Advanced technology enables producers to adapt supplies and reduce costs, leading to increased production. Inelastic supply occurs when a producer uses outdated technology and is unable to adjust supply elasticity.
APPEARS IN
संबंधित प्रश्न
Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.
Identify the value of elasticity of supply for the supply curve OS and S1S2.
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?
Which of the following measures of price elasticity shows elasticity shows elastic supply?
The given diagram is a case of ______ supply.
When an entrepreneur introduces a new technique or a new product, it is called ______.
Pick the option which does not belong to the group.
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?
Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?
The coefficient of elasticity of a commodity is 0.4. What percentage change in supply will take place if its price rises 20%?
Cotton and cotton seeds are examples of ______ supply.
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.
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.
Give the meaning of perfectly inelastic supply.
Draw the supply curve showing price elasticity of supply less than one.
What do you mean by elastic supply?
