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प्रश्न
Explain briefly the impact of the cost of production on the elasticity of supply.
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उत्तर
If the cost of production increases, then there is an adverse impact on supply. If the cost of production increases, then the supply does not change with the change in price and the supply of such a commodity will be perfectly inelastic.
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संबंधित प्रश्न
Explain any three factors affecting elasticity of supply.
Identify the value of elasticity of supply for the supply curve OS and S1S2.
Identify the elasticity of supply for the following with proper reasoning:
Short run and long run period.
Pick the option which does not belong to the group.
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
The quantity of a commodity supplied increases by 25% when its price rises by 10%. Calculate price elasticity of supply.
Price elasticity of supply is likely to be ______ in the long run.
Explain any four determinants of elasticity of supply.
What do you mean by perfectly inelastic supply?
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
