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
Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.
Draw a perfectly elastic supply curve.
Define a relatively elastic 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:
Nature of the entrepreneurs.
When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
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 ______.
Define elasticity of supply.
With the help of a formula calculate the elasticity of supply from the following table:
| Price | Quantity supplied |
| 10 | 200 |
| 15 | 225 |
The quantity of a commodity supplied increases by 25% when its price rises by 10%. Calculate price elasticity of supply.
Draw and briefly explain a perfectly inelastic supply curve.
The price of a commodity rises from ₹ 20 to ₹ 40 Consequently, its supply increases from 100 units to 400 units. Calculate price elasticity of supply.
Draw the supply curve showing price elasticity of supply greater than one.
Draw and explain the following degree of elasticity of supply.
Ep > 1
Identify and define the degree of price elasticity of supply from the diagram for the supply curves S1, S2, S3, S4.
What do you mean by elastic supply?
Define a relatively inelastic supply.
