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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.
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संबंधित प्रश्न
Define a relatively elastic supply.
Choose the correct term for the given definition.
The ratio between the percentage change in supply to a percentage change in price.
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Assertion (A): In case of perfectly inelastic supply, supply curve is a vertical straight line supply curve.
Reason (R): Supply does not change with change in price in case of Es = 0.
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Draw a straight line supply curve of the following situation.
More than unitary elastic
