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प्रश्न
What is meant by elasticity of supply?
उत्तर
The percentage change in quantity supplied that results from a percentage change in a commodity's price is known as the price elasticity of supply.
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संबंधित प्रश्न
Draw a perfectly inelastic supply curve.
Define a relatively elastic supply.
Explain any three factors affecting elasticity of supply.
Pick the option which does not belong to the group.
When is the supply of a commodity is called elastic?
Draw a straight line supply showing elasticity greater than one.
The quantity of a commodity supplied increases by 25% when its price rises by 10%. Calculate price elasticity of supply.
Draw and briefly explain a perfectly elastic supply curve.
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.
Define price elasticity of supply.
