Advertisements
Advertisements
प्रश्न
The coefficient of elasticity of a commodity is 0.4. What percentage change in supply will take place if its price rises 20%?
Advertisements
उत्तर
Percentage Change in Quantity Supplied = Elasticity of Supply (Es) × Percentage Change in Price
Elasticity of Supply (Es) = 0.4
Percentage Change in Price = 20%
Percentage Change in Quantity Supplied = 0.4 × 20%
= 8%
APPEARS IN
संबंधित प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
Identify the elasticity of supply for the following with proper reasoning:
Primitive and advanced technology.
Identify the degree of elasticity of supply from the following graph:
Identify the value of elasticity of supply for the supply curve OS and S1S2.
A 10 per cent increase in price of a good causes 5 per cent increase in its quantity supplied, elasticity of supply will be ______.
Which of the following measures of price elasticity shows elasticity shows elastic supply?
If price elasticity of supply is greater than 1, then supply is said be elastic.
- Price elasticity of supply of a good is 0.8, its supply is said to be inelastic.
- 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 ______.
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
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.
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.
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.
Give the meaning of perfectly elastic supply.
Give the meaning of perfectly inelastic supply.
Why does the measure of pnce elasticity of supply of a good carry plus sign?
What do you mean by elastic supply?
Explain the percentage method of measuring price elasticity of supply.
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
