Advertisements
Advertisements
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.
Advertisements
उत्तर
Es = `(ΔQ)/(ΔP)xxP/Q`
= `300/20xx20/100`
= 3
APPEARS IN
संबंधित प्रश्न

Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:
Identify the elasticity of supply for the following with proper reasoning:
Nature of the entrepreneurs.
What is the degree of elasticity of supply in the diagram?

Choose the correct term for the given definition.
The ratio between the percentage change in supply to a percentage change in price.
When an entrepreneur introduces a new technique or a new product, it is called ______.
When the price increases by 50% and the supply increases only by 5% the price elasticity of supply of that commodity will be ______.
Elasticity of supply is measured by:
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?
Draw and briefly explain a perfectly elastic supply curve.
How is elasticity of supply measured according to the percentage method?
Define price elasticity of supply.
Indicate the degree of elasticity on the supply curve given below:

Using graphs, explain any four types of elasticity of supply.
What is meant by inelastic supply?
What do you mean by elastic supply?
When is supply of a good unitary elastic?
Why is the supply of eggs inelastic?
Draw relatively inelastic supply.
