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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
Draw a perfectly inelastic supply curve.
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Draw a straight line supply showing elasticity greater than one.
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Draw the supply curve showing price elasticity of supply greater than one.
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