Advertisements
Advertisements
प्रश्न
State and explain the elasticity of supply.
Advertisements
उत्तर
The elasticity of supply may be defined as the degree of responsiveness of change in supply to change in price on the part of sellers.
Mathematically:
Elasticity Of supply = `"Proportionate change in supply"/"Proportionate change in price"`
Es = `"ΔQs"/"ΔPs"xx"P"/"Q"`
Q – Supply, p – price, ∆ – change.
APPEARS IN
संबंधित प्रश्न
State and explain the law of supply with exceptions.
The relationship between the price of a commodity and the supply of commodity is
Examine the Law of Variable Proportions with the help of a diagram.
Elucidate the Laws of Returns to Scale. Illustrate.
A rightward shift in supply curve shows ______.
Law of supply states that ______.
The Law of Supply states that other things being constant ______.
Price and Supply move in the same direction. Justify the statement.
State and explain the law of supply with the help of a diagram.
What does the Law of Supply state?
What is supply function?
Which statement best expresses the Law of Supply?
What happens to the quantity supplied if the price of potatoes rises from ₹1 to ₹5 per kg, according to the supply schedule?
Which of these situations violates the "ceteris paribus" (other things being constant) condition for the Law of Supply?
Which factor is assumed to remain unchanged under the Law of Supply?
What does the supply curve typically look like according to the Law of Supply?
Which real-life example best illustrates the Law of Supply?
