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प्रश्न
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
विकल्प
Relatively elastic supply
Relatively inelastic supply
Perfectly elastic supply
Unitary elastic supply
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उत्तर
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have unitary elastic supply.
Explanation:
A linear supply curve starting from the origin and making a steep angle (such as 75 degrees) with the X-axis indicates that the quantity supplied changes by a smaller proportion compared to changes in price. This steep curve suggests that the supply is relatively inelastic, meaning that the elasticity of supply is less than 1.
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संबंधित प्रश्न
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.
The given diagram is a case of ______ supply.
Elasticity of supply is measured by:
Pick the option which does not belong to the group.
Define elasticity of supply.
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 inelastic supply curve.
The price of a commodity rises from ₹ 20 to ₹ 40 Consequently, its supply increases from 100 units to 400 units. Calculate price elasticity of supply.
Draw and briefly explain a perfectly elastic supply curve.
Define price elasticity of supply.
Indicate the degree of elasticity on the supply curve given below:
Indicate the degree of elasticity on the supply curve given below:
Using graphs, explain any four types of elasticity of supply.
Why does the measure of price elasticity of supply of a good carry plus sign?
What is meant by inelastic supply?
Explain the percentage method of measuring price elasticity of supply.
Define a relatively inelastic supply.
