Advertisements
Advertisements
प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
उत्तर
When there is an infinite supply at a particular price, then the supply is said to be perfectly elastic. The supply curve is a horizontal straight line parallel to the x-axis, as shown in the diagram. Quantity supplied can be OM, OQ or ON at the same price as OP.
संबंधित प्रश्न
Draw a perfectly inelastic supply curve.
Draw a perfectly elastic supply curve.
What is the formula for percentage method of calculating price elasticity of supply?
What is the degree of elasticity of supply in the diagram?
When an entrepreneur introduces a new technique or a new product, it is called ______.
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.
Give the meaning of perfectly inelastic supply.
Draw the supply curve showing price elasticity of supply greater than one.
When is supply of a good unitary elastic?
Price elasticity of supply of a good is 0.8. Is the supply 'elastic' or 'inelastic', and why?
