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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.


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

Es = ∞


Draw a perfectly elastic supply curve.


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

Primitive and advanced technology.


What is the formula for percentage method of calculating price elasticity of supply?


  1. Price elasticity of supply of a good is 0.8, its supply is said to be inelastic.
  2. If the quantity supplied of a commodity remain the same whatever its price supply is said to perfectly inelastic.

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 ______.


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.


When there is no change in price, but quality supplied changes, it implies a situation of ______.


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.


Draw and briefly explain a perfectly elastic 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.


Define price elasticity of supply.


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


Why does the measure of pnce elasticity of supply of a good carry plus sign?


Draw relatively elastic supply.


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