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प्रश्न
Under what conditions does the supply of good exhibit unitary elasticity?
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उत्तर
When percentage change in quantity supplied is equal to percentage change in supply. Labour specialisation enhances skills and experience. This reduces time and costs for both producers and workers.
`"Unitary elasticity" = (% "change in quantity demanded")/(% "change in price") = 1`
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संबंधित प्रश्न
Draw a diagram showing a perfectly elastic demand curve.
Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
What is unitary elastic demand? Draw a diagram to illustrate it.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rolex watches
Mention the degree of price elasticity of demand for the following goods:
School uniform
Mention the degree of price elasticity of demand for the following goods:
Air conditioners
When is the demand of a commodity said to be inelastic?
Define perfectly elastic demand.
Explain the different types of price elasticity of demand.
What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
