Advertisements
Advertisements
प्रश्न
Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?
Advertisements
उत्तर
Elasticity of Supply (Es) = `("Percentage change in quantity supplied")/("Percentage change in price")`
Percentage change in price = 2%
Percentage change in quantity supplied = 4%
Es = `(4%)/(2%)`
= 2
APPEARS IN
संबंधित प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
Identify the degree of elasticity of supply from the following graph:
What is the formula for percentage method of calculating price elasticity of supply?
What is the degree of elasticity of supply in the diagram?
When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
If price elasticity of supply is greater than 1, then supply is said be elastic.
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 is the supply of a commodity is called elastic?
Cotton and cotton seeds are examples of ______ supply.
Draw and briefly explain a perfectly inelastic supply curve.
Draw the supply curve showing price elasticity of supply less than one.
Identify and define the degree of price elasticity of supply from the diagram for the supply curves S1, S2, S3, S4.
What is meant by elasticity of supply?
What is meant by inelastic supply?
What do you mean by elastic supply?
What do you mean by perfectly inelastic supply?
Explain the percentage method of measuring price elasticity of supply.
Define a relatively inelastic supply.
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
