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Identify the value of elasticity of supply for the supply curve OS and S1S2. - Economic Applications

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प्रश्न

Identify the value of elasticity of supply for the supply curve OS and S1S2.

पर्याय

  • OS > 1, S1S2 < 1

  • OS < 1, S1S2 > 1

  • OS < 1, S1S2 = 1

  • OS = 1, S1S2 > 1

MCQ

उत्तर

OS = 1, S1S2 > 1

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Elasticity of Supply
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2024-2025 (April) Specimen Paper

संबंधित प्रश्‍न

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


Draw a perfectly elastic supply curve.


Define a relatively elastic supply.


Explain any three factors affecting elasticity of supply.


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


When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.


The given diagram is a case of ______ supply.


Choose the correct term for the given definition.

The ratio between the percentage change in supply to a percentage change in price.


Which of the following statements are true?

The cost of production will increase if

  1. The government gives subsidies
  2. The firm uses obsolete technology
  3. The price of diesel increases

Pick the option which does not belong to the group.


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:


Which of the following measures of price elasticity shows inelastic supply?


Draw and briefly explain a perfectly inelastic supply curve.


Give the meaning of perfectly elastic supply.


What is meant by inelastic supply?


What do you mean by elastic supply?


What do you mean by perfectly inelastic supply?


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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