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

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प्रश्न

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

Draw a straight-line supply curve for the following situation.

Less than unitary elastic

आकृति
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उत्तर

Any straight line supply curve that cuts the x-axis in the positive region has inelastic supply. Supply curve S3 shows less than unitary elastic supply.

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Elasticity of Supply
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Supply - Law of Supply and Price Elasticity of Supply - TEST YOURSELF QUESTIONS [पृष्ठ ९७]

APPEARS IN

फ्रैंक Economics [English] Class 12 ISC
अध्याय 5 Supply - Law of Supply and Price Elasticity of Supply
TEST YOURSELF QUESTIONS | Q 34. (ii) | पृष्ठ ९७
गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 3 Theory of Supply
QUESTIONS | Q 13. b (iii) | पृष्ठ ७३
गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 3 Theory of Supply
QUESTION BANK | Q 45. (ii) | पृष्ठ ७८
आर. के. लेखी और पी. के. धर Economics [English] Class 12 ISC
अध्याय 6 Supply and Law of Supply
EXAMINATION CORNER | Q 9. (ii) | पृष्ठ ६.२०
फ्रैंक Economics [English] Class 12 ISC
अध्याय 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 69. (ii) | पृष्ठ ४६०

संबंधित प्रश्न

Draw a perfectly inelastic supply curve.


Draw a perfectly elastic supply curve.


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

Primitive and advanced technology.


Identify the degree of elasticity of supply from the following graph:


Identify the value of elasticity of supply for the supply curve OS and S1S2.


When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.


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


Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?


With the help of a formula calculate the elasticity of supply from the following table:

Price Quantity supplied
10 200
15 225

Explain any four determinants of elasticity of supply.


Give the meaning of perfectly inelastic supply.


Draw the supply curve showing price elasticity of supply equal to one.


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


Identify and define the degree of price elasticity of supply from the diagram for the supply curves S1, S2, S3, S4.


If the price of a commodity falls by 10% and consequently, the quantity supplied decreases by 20%, what will be its elasticity of supply?


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


Explain the percentage method of measuring price elasticity of supply.


Draw a straight line supply curve of the following situation.

More than unitary elastic


Draw relatively inelastic supply.


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