Advertisements
Advertisements
प्रश्न
State and explain the elasticity of supply.
उत्तर
The elasticity of supply may be defined as the degree of responsiveness of change in supply to change in price on the part of sellers.
Mathematically:
Elasticity Of supply = `"Proportionate change in supply"/"Proportionate change in price"`
Es = `"ΔQs"/"ΔPs"xx"P"/"Q"`
Q – Supply, p – price, ∆ – change.
APPEARS IN
संबंधित प्रश्न
State the law of supply.
State and explain the law of supply with exceptions.
The relationship between the price of a commodity and the supply of commodity is
What are the reasons for upward sloping supply curve?
What are the functions of Entrepreneur?
Examine the Law of Variable Proportions with the help of a diagram.
Elucidate the Laws of Returns to Scale. Illustrate.
Other things remaining unchanged, change in supply due to increase in price is called ______.
Law of supply states that ______.
Assertion (A): Law of Supply is a qualitative statement.
Reason (R): Law of Supply indicates the magnitude of change in the quantity supplied.
The producers prefer to supply more when prices are ______.
Price and Supply move in the same direction. Justify the statement.
With the help of a diagram state whether supply of a good is directly or inversely related to price?
State and explain the law of supply with the help of a diagram.
What does the Law of Supply state?
