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प्रश्न
Which of the following measures of price elasticity shows elasticity shows elastic supply?
पर्याय
0
0.5
1.0
1.5
उत्तर
1.5
Explanation:
-
Elastic Supply is characterized by a price elasticity of supply greater than 1. This means that the percentage change in quantity supplied is greater than the percentage change in price.
-
The value 1.5 indicates elastic supply, as it is greater than 1. The other options (0, 0.5, and 1.0) indicate inelastic or unitary elastic supply.
संबंधित प्रश्न
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Nature of the entrepreneurs.
A 10 per cent increase in price of a good causes 5 per cent increase in its quantity supplied, elasticity of supply will be ______.
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- Price elasticity of supply of a good is 0.8, its supply is said to be inelastic.
- If the quantity supplied of a commodity remain the same whatever its price supply is said to perfectly inelastic.
When an entrepreneur introduces a new technique or a new product, it is called ______.
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:
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.
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With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
