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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
Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:
The given diagram is a case of ______ supply.
Pick the option which does not belong to the group.
Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I:
| 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:
Price elasticity of supply is likely to be ______ in the long run.
Draw and briefly explain a perfectly inelastic supply curve.
Define price elasticity of supply.
Using graphs, explain any four types of elasticity of supply.
Why does the measure of price elasticity of supply of a good carry plus sign?
Draw relatively elastic supply.
