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Indicate the degree of elasticity on the supply curve given below: - Economic Applications

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प्रश्न

Indicate the degree of elasticity on the supply curve given below:

एका वाक्यात उत्तर

उत्तर

Elastic supply (Es > 1)

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Elasticity of Supply
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पाठ 3: Theory of Supply - QUESTIONS [पृष्ठ ७४]

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गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
पाठ 3 Theory of Supply
QUESTIONS | Q 15. (i) (a) | पृष्ठ ७४

संबंधित प्रश्‍न

Draw a perfectly inelastic supply curve.


Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:


Identify the elasticity of supply for the following with proper reasoning:

Primitive and advanced technology.


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


Choose the correct term for the given definition.

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


Pick the option which does not belong to the group.


Assertion (A): In case of perfectly inelastic supply, supply curve is a vertical straight line supply curve.

Reason (R): Supply does not change with change in price in case of Es = 0.


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 coefficient of elasticity of a commodity is 0.4. What percentage change in supply will take place if its price rises 20%?


Price elasticity of supply is likely to be ______ in the long run.


When there is no change in price, but quality supplied changes, it implies a situation of ______.


Indicate the degree of elasticity on the supply curve given below:


Draw and explain the following degree of elasticity of supply.

Ep > 1


Why does the measure of pnce elasticity of supply of a good carry plus sign?


Explain the percentage method of measuring price elasticity of supply.


Define a relatively inelastic supply.


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