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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. - Economic Applications

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प्रश्न

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.

विकल्प

  • Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

  • Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).

  • Assertion (A) is true but Reason (R) is false.

  • Assertion (A) is false but Reason (R) is true.

MCQ
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उत्तर

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

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Elasticity of Supply
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Theory of Supply - QUESTIONS [पृष्ठ ७१]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 3 Theory of Supply
QUESTIONS | Q 3. | पृष्ठ ७१

संबंधित प्रश्न

With the help of a suitable diagram, explain the following degree of elasticity of supply.

Es = ∞


Identify the degree of elasticity of supply from the following graph:


Identify the elasticity of supply for the following with proper reasoning:

Short run and long run period.


Identify the elasticity of supply for the following with proper reasoning:

Nature of the entrepreneurs.


What is the degree of elasticity of supply in the diagram?


When the percentage change in the quantity supplied of a commodity is exactly equal to the percentage change in its price it is known as ______.


A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.


Define elasticity of supply.


With the help of a formula calculate the elasticity of supply from the following table:

Price Quantity supplied
10 200
15 225

Price elasticity of supply is likely to be ______ in the long run.


Cotton and cotton seeds are examples of ______ supply.


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.


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 the percentage method?


Draw the supply curve showing price elasticity of supply greater than one.


What is meant by elasticity of supply?


What do you mean by elastic supply?


What do you mean by perfectly inelastic supply?


Explain the percentage method of measuring price elasticity of supply.


Draw relatively elastic supply.


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