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प्रश्न
What is perfectly elastic supply?
उत्तर
Perfectly elastic supply is a situation where a small change in price leads to an infinite change in quantity supplied. Here, the supply curve is a horizontal straight line rising from the Y-axis, i.e. Es > 1.
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संबंधित प्रश्न
Price is the only determinant of supply.
A producer supplies 80 units of a good at a price of Rs 10 per unit. Price elasticity of supply is 4. How much will he supply at Rs 9 per unit?
When price of a commodity falls from Rs 12 per unit to Rs 9 per unit, the producer supplies 75 percent less output. Calculate price elasticity of supply.
When the price of a commodity changes from Rs 4 per unit to Rs 5 per unit, its market supply rises from 100 units to 120 units. Calculate the price elasticity of supply. Is supply elastic? Given reason
Supply is inversely related to price.
Explain, with reason, whether you Agree or Disagree with the following statement
There is no difference between stock and supply.
A firm supplies 10 units of a good at a price of Rs 5 per unit. Price elasticity of supply is 1.25. What quantity will the firm supply at a price of Rs 7 per unit?
State whether the following statement is true or false :
Under perfect competition price is determined by equilibrium of demand and supply.
Fill in the blank with appropriate alternatives given in the bracket:
________ is one of the determinants of aggregate supply.
Fill in the blank with appropriate alternative given below
The vertical supply curve represents _____________ elasticity.
State whether the following statement is TRUE and FALSE.
If price falls, the supply curve will shift to left.
State whether the following statement is TRUE and FALSE.
Geometric Method is also known as Point Method.
Define or explain the following concept:
Output
Give reason or explain:
Stock can exceed supply.
Write short note on the following:
Elasticity of supply.
Do you agree or disagree with the following statement? Give reason.
There is no difference between stock and supply.
Answer the following about 200 to 250 words
Explain various types of Price elasticity of Supply.
Identify & explain the concept from the given illustration.
Ajay’s papad and pickle producing unit incurred expenditure of ₹ 50,000/- on machinery, ₹ 1,00,000/- towards rent and ₹ 2,00,000/- on wages for the workers during 2018-19.
Explain any four exceptions to the law of supply
State and explain the law of supply.
