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प्रश्न
If the price elsaticity of supply is 1 and the percentage change in price is 10, then the percentage change in quatity supplied should be ______.
विकल्प
10
Greater than 10
Le.sser than 10
1
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उत्तर
If the price elsaticity of supply is 1 and the percentage change in price is 10, then the percentage change in quatity supplied should be 10.
Explanation:
The price elasticity of supply (Es) is calculated as:
Es = `("Percentage change in quantity supplied")/("Percentage change in price")`
1 = `("Percentage change in quantity supplied")/(10%`
Therefore, the percentage change in quantity supplied must also be 10% for the elasticity to equal 1.
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संबंधित प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.
Define a relatively elastic supply.
Identify the elasticity of supply for the following with proper reasoning:
Perishable and durable goods.
Pick the option which does not belong to the group.
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.
Define elasticity of supply.
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 |
When there is no change in price, but quality supplied changes, it implies a situation of ______.
Cotton and cotton seeds are examples of ______ supply.
Draw and briefly explain a perfectly inelastic supply curve.
How is elasticity of supply measured according to the percentage method?
Draw the supply curve showing price elasticity of supply equal to one.
Draw the supply curve showing price elasticity of supply less than one.
What is meant by elasticity of supply?
Why does the measure of pnce elasticity of supply of a good carry plus sign?
Draw relatively inelastic supply.
