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प्रश्न
Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.
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उत्तर
A straight line supply curve intersects the point of origin when the percentage change in supply equals the percentage change in price. This is a known unit elastic, with Es equal to one.
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संबंधित प्रश्न
The given diagram is a case of ______ supply.
Choose the correct term for the given definition.
The ratio between the percentage change in supply to a percentage change in price.
Which of the following statements are true?
The cost of production will increase if
- The government gives subsidies
- The firm uses obsolete technology
- The price of diesel increases
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column:
| Column I | Column II |
| A. Perfectly Inelastic | (i) Es > 1 |
| B. Perfectly Elastic | (ii) Es < 1 |
| C. Inelastic | (iii) Es = 0 |
| D. Highly Elastic | (iv) Es = infinity |
Choose the correct alternative:
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.
When there is no change in price, but quality supplied changes, it implies a situation of ______.
Define price elasticity of supply.
When is supply of a good unitary elastic?
Define a relatively inelastic supply.
