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प्रश्न
Give the meaning of perfectly elastic supply.
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उत्तर
When the supply of a commodity changes without change in its price, the supply of a commodity changes without change in its price, the supply of the commodity will be called perfectly elastic. The value of price elasticity of supply in this case is infinity, es = α. It is purely an imaginary concept and can only be explained with the help of an imaginary supply schedule as given below.
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संबंधित प्रश्न
Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:
Identify the degree of elasticity of supply from the following graph:
Which of the following measures of price elasticity shows elasticity shows elastic supply?
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Define elasticity of supply.
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Draw a straight line supply showing elasticity greater than one.
With the help of a formula calculate the elasticity of supply from the following table:
| Price | Quantity supplied |
| 10 | 200 |
| 15 | 225 |
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Indicate the degree of elasticity on the supply curve given below:
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Ep > 1
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With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
