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Indicate the degree of elasticity on the supply curve given below: - Economic Applications

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प्रश्न

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

एक पंक्ति में उत्तर
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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 ७४]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 3 Theory of Supply
QUESTIONS | Q 15. (i) (b) | पृष्ठ ७४

संबंधित प्रश्न

Define a relatively elastic supply.


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

Primitive and advanced technology.


Explain any three factors affecting elasticity of supply.


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:

Short run and long run period.


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


Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?


The quantity of a commodity supplied increases by 25% when its price rises by 10%. 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.


How is elasticity of supply measured according to the percentage method?


Give the meaning of perfectly inelastic supply.


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


Draw and explain the following degree of elasticity of supply.

Ep > 1


What is meant by elasticity of supply?


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