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Identify the value of elasticity of supply for the supply curve OS and S1S2. - Economic Applications

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प्रश्न

Identify the value of elasticity of supply for the supply curve OS and S1S2.

विकल्प

  • OS > 1, S1S2 < 1

  • OS < 1, S1S2 > 1

  • OS < 1, S1S2 = 1

  • OS = 1, S1S2 > 1

MCQ
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उत्तर

OS = 1, S1S2 > 1

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Elasticity of Supply
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2024-2025 (March) Specimen Paper

संबंधित प्रश्न

Draw a perfectly elastic supply curve.


Define a relatively elastic supply.


Identify the degree of elasticity of supply from the following graph:


What is the degree of elasticity of supply in the diagram?


  1. Price elasticity of supply of a good is 0.8, its supply is said to be inelastic.
  2. If the quantity supplied of a commodity remain the same whatever its price supply is said to perfectly inelastic.

When is the supply of a commodity is called elastic?


With the help of a formula calculate the elasticity of supply from the following table:

Price Quantity supplied
10 200
15 225

Price elasticity of supply is likely to be ______ in the long run.


Cotton and cotton seeds are examples of ______ supply.


Draw and briefly explain a perfectly inelastic supply curve.


The price of a commodity rises from ₹ 20 to ₹ 40 Consequently, its supply increases from 100 units to 400 units. Calculate price elasticity of supply.


If the price of a commodity increases by 50% and its supply increases by 25% then calculate the price elasticity of supply following the percentage method. Identify the degree of price elasticity.


Indicate the degree of elasticity on the supply curve given below:


Using graphs, explain any four types of elasticity of supply.


Why does the measure of pnce elasticity of supply of a good carry plus sign?


What do you mean by elastic supply?


What do you mean by perfectly inelastic supply?


Draw a straight line supply curve of the following situation.

More than unitary elastic


Define a relatively inelastic supply.


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