हिंदी

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.

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प्रश्न

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.

संख्यात्मक
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उत्तर

Es = `(ΔQ)/(ΔP)xxP/Q`

= `300/20xx20/100`

= 3

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Elasticity of Supply
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अध्याय 3: Theory of Supply - QUESTIONS [पृष्ठ ७३]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 3 Theory of Supply
QUESTIONS | Q 24. | पृष्ठ ७३

संबंधित प्रश्न

Define a relatively elastic supply.


Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:


Identify the degree of elasticity of supply from the following graph:


What is the degree of elasticity of supply in the diagram?


The given diagram is a case of ______ supply.


Which of the following statements are true?

The cost of production will increase if

  1. The government gives subsidies
  2. The firm uses obsolete technology
  3. The price of diesel increases

When an entrepreneur introduces a new technique or a new product, it is called ______.


Pick the option which does not belong to the group.


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:


Which of the following measures of price elasticity shows inelastic supply?


When is the supply of a commodity is called elastic?


Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?


The coefficient of elasticity of a commodity is 0.4. What percentage change in supply will take place if its price rises 20%?


The quantity of a commodity supplied increases by 25% when its price rises by 10%. Calculate price elasticity of supply.


Price elasticity of supply is likely to be ______ in the long run.


Draw and briefly explain a perfectly elastic supply curve.


Explain any four determinants of elasticity of supply.


Give the meaning of perfectly elastic supply.


Draw a straight line supply curve of the following situation.

More than unitary elastic


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