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प्रश्न
Define a relatively inelastic supply.
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उत्तर
Supply of a commodity will be said to be inelastic if the percentage change in quantity supplied is less than the percentage change in price.
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संबंधित प्रश्न
What is the degree of elasticity of supply in the diagram?
Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?
The quantity of a commodity supplied increases by 25% when its price rises by 10%. Calculate price elasticity of supply.
Price elasticity of supply is likely to be ______ in the long run.
When there is no change in price, but quality supplied changes, it implies a situation of ______.
Cotton and cotton seeds are examples of ______ supply.
How is elasticity of supply measured according to the percentage method?
Indicate the degree of elasticity on the supply curve given below:
What is meant by elasticity of supply?
Draw relatively inelastic supply.
