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प्रश्न
Pick the option which does not belong to the group.
विकल्प
Price of a commodity
Cost of Inputs
Income of the consumer
Level of technology
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उत्तर
Income of the consumer
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संबंधित प्रश्न
Define a relatively elastic supply.
Explain any three factors affecting elasticity of supply.
What is the degree of elasticity of supply in the diagram?
If price elasticity of supply is greater than 1, then supply is said be elastic.
When an entrepreneur introduces a new technique or a new product, it is called ______.
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 ______.
Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column:
| 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.
Give the meaning of perfectly elastic supply.
Draw the supply curve showing price elasticity of supply equal to one.
Draw the supply curve showing price elasticity of supply greater than one.
Indicate the degree of elasticity on the supply curve given below:
Why does the measure of pnce elasticity of supply of a good carry plus sign?
What is meant by inelastic supply?
When is supply of a good unitary elastic?
Why is the supply of eggs inelastic?
Draw relatively elastic supply.
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
