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प्रश्न
Identify the degree of elasticity of supply from the following graph:
विकल्प
ES > 1
ES < 1
ES = 1
ES = 0
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उत्तर
ES = 1
Explanation: The supply of a commodity is said to be unit elastic when the percentage change in supply is equal to percentage change in price. Thus, any straight line supply curve drawn through the origin has an elasticity of unity over its entire length, irrespective of its slope.
संबंधित प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
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When the price increases by 50% and the supply increases only by 5% the price elasticity of supply of that commodity will be ______.
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