Advertisements
Advertisements
प्रश्न
With the help of a formula calculate the elasticity of supply from the following table:
Price | Quantity supplied |
10 | 200 |
15 | 225 |
उत्तर
Es = `(ΔQ)/(ΔP)xxP/Q`
= `25/5xx10/200`
= `1/4`
= 0.25
APPEARS IN
संबंधित प्रश्न
Draw a perfectly elastic supply curve.
Identify the elasticity of supply for the following with proper reasoning:
Primitive and advanced technology.
What is the formula for percentage method of calculating price elasticity of supply?
Identify the elasticity of supply for the following with proper reasoning:
Short run and long run period.
When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
If price elasticity of supply is greater than 1, then supply is said be elastic.
When the price increases by 50% and the supply increases only by 5% the price elasticity of supply of that commodity will be ______.
If the price elsaticity of supply is 1 and the percentage change in price is 10, then the percentage change in quatity supplied should be ______.
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?
When there is no change in price, but quality supplied changes, it implies a situation of ______.
Cotton and cotton seeds are examples of ______ supply.
Draw and briefly explain a perfectly inelastic supply curve.
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.
How is elasticity of supply measured according to percentage method?
Draw and explain the following degree of elasticity of supply.
Ep > 1
When is supply of a good unitary elastic?
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1