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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

Unit elastic (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) (b) | पृष्ठ ८०

संबंधित प्रश्न

Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.


Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:


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


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

Nature of the entrepreneurs.


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


  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.


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 ______.


Pick the option which does not belong to the group.


When the percentage change in the quantity supplied of a commodity is exactly equal to the percentage change in its price it is known as ______.


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?


When is the supply of a commodity is called elastic?


Draw the supply curve showing price elasticity of supply less than one.


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 elastic supply?


Define a relatively inelastic supply.


Draw relatively elastic supply.


With the help of a suitable diagram, explain the following degree of elasticity of supply.

Es > 1


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