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प्रश्न
If the price of a commodity falls by 10% and consequently, the quantity supplied decreases by 20%, what will be its elasticity of supply?
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उत्तर
Price elasticity of supply (Es) = `("Percentage change in quantity supplied")/("Percentage change in price")`
= `(20%)/(10%)`
= 2
संबंधित प्रश्न
Identify the degree of elasticity of supply from the following graph:
Which of the following measures of price elasticity shows elasticity shows elastic supply?
Choose the correct term for the given definition.
The ratio between the percentage change in supply to a percentage change in price.
Pick the option which does not belong to the group.
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I:
| Column I | Column II |
| A. Perfectly Inelastic | (i) Es > 1 |
| B. Perfectly Elastic | (ii) Es < 1 |
| C. Inelastic | (iii) Es = 0 |
| D. Highly Elastic | (iv) Es = infinity |
Choose the correct alternative:
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.
Draw a straight line supply showing elasticity greater than one.
Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?
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The quantity of a commodity supplied increases by 25% when its price rises by 10%. Calculate price elasticity of supply.
When there is no change in price, but quality supplied changes, it implies a situation of ______.
Draw and briefly explain a perfectly inelastic supply curve.
Draw and briefly explain a perfectly elastic supply curve.
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.
Explain any four determinants of elasticity of supply.
How is elasticity of supply measured according to the percentage method?
Give the meaning of perfectly inelastic supply.
Define price elasticity of supply.
Identify and define the degree of price elasticity of supply from the diagram for the supply curves S1, S2, S3, S4.
Using graphs, explain any four types of elasticity of supply.
When is supply of a good unitary elastic?
Price elasticity of supply of a good is 0.8. Is the supply 'elastic' or 'inelastic', and why?
Define a relatively inelastic supply.
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
