Advertisements
Advertisements
प्रश्न
Draw the supply curve showing price elasticity of supply equal to one.
Draw a straight-line supply curve for the following situation.
Unitary elastic
Advertisements
उत्तर
A straight-line supply curve that originates from the origin point has a price elasticity of supply equal to one at all the points. Curves S1 or S2 have a unitary elasticity.
Notes
Students should refer to the answer according to the question.
APPEARS IN
संबंधित प्रश्न
Explain briefly the impact of the cost of production on the elasticity of supply.
If price elasticity of supply is greater than 1, then supply is said be elastic.
When the price increases by 50% and the supply increases only by 5% the price elasticity of supply of that commodity will be ______.
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 ______.
Elasticity of supply is measured by:
Pick the option which does not belong to the group.
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 |
When there is no change in price, but quality supplied changes, it implies a situation of ______.
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.
How is elasticity of supply measured according to the percentage method?
Define price elasticity of supply.
Draw the supply curve showing price elasticity of supply less than one.
Draw and explain the following degree of elasticity of supply.
Ep > 1
Using graphs, explain any four types of elasticity of supply.
What is meant by inelastic supply?
What do you mean by perfectly inelastic supply?
Define a relatively inelastic supply.
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
