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

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प्रश्न

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

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उत्तर

Elastic supply (Es > 1)

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Elasticity of Supply
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अध्याय 3: Theory of Supply - QUESTIONS [पृष्ठ ८०]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 3 Theory of Supply
QUESTIONS | Q 15. (i) (a) | पृष्ठ ८०

संबंधित प्रश्न

Draw a perfectly inelastic supply curve.


Define a relatively elastic supply.


Identify the elasticity of supply for the following with proper reasoning:

Primitive and advanced technology.


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


What is the formula for percentage method of calculating price elasticity of supply?


Identify the elasticity of supply for the following with proper reasoning:

Short run and long run period.


Identify the elasticity of supply for the following with proper reasoning:

Nature of the entrepreneurs.


A 10 per cent increase in price of a good causes 5 per cent increase in its quantity supplied, elasticity of supply will be ______.


  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.

Choose the correct term for the given definition.

The ratio between the percentage change in supply to a percentage change in price.


When the price increases by 50% and the supply increases only by 5% the price elasticity of supply of that commodity will be ______.


Elasticity of supply is measured by:


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.


Which of the following measures of price elasticity shows inelastic supply?


Draw and explain the following degree of elasticity of supply.

Ep > 1


If the price of a commodity falls by 10% and consequently, the quantity supplied decreases by 20%, what will be its elasticity of supply?


What do you mean by perfectly inelastic supply?


Draw relatively inelastic supply.


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