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Draw a straight line supply curve of the following situation. More than unitary elastic - Economics

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प्रश्न

Draw a straight line supply curve of the following situation.

More than unitary elastic

आकृति
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उत्तर

Any straight-line supply curve that originates from the y-axis has more than unitary elasticity. Supply curve S4 shows more than unitary elastic supply.

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Elasticity of Supply
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अध्याय 3: Theory of Supply - QUESTION BANK [पृष्ठ ७८]

APPEARS IN

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MODEL SHORT ANSWER QUESTIONS | Q 69. (iii) | पृष्ठ ४६०

संबंधित प्रश्न

Explain briefly the impact of the cost of production on the elasticity of supply.


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

Primitive and advanced technology.


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

Perishable and durable goods.


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 ______.


Which of the following measures of price elasticity shows inelastic supply?


When is the supply of a commodity is called elastic?


The coefficient of elasticity of a commodity is 0.4. What percentage change in supply will take place if its price rises 20%?


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.


Draw and briefly explain a perfectly inelastic 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.


Give the meaning of perfectly inelastic 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.


What is meant by inelastic supply?


What do you mean by elastic supply?


Define a relatively inelastic supply.


Draw relatively inelastic supply.


Draw relatively elastic supply.


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