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प्रश्न
What are the factors governing the elasticity of supply?
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उत्तर
- Nature of the commodity: elasticity of supply of durable goods is high but perishables have a low elasticity of supply.
- Cost of production: Under constant or increasing returns the elasticity of supply is greater, under diminishing returns elasticity is less.
- Technical condition In large-scale production, supply cannot be adjusted easily. So elasticity of supply is lesser and vice versa.
- Time factor: During a very short period, supply cannot be adjusted. In a short period, variable factors can be changed so elasticity is more and in a long period, supply is highly elastic.
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संबंधित प्रश्न
State and explain the law of supply with exceptions.
State with reason whether you agree or disagree with the following statement:
There is a direct relationship between price and quantity supplied.
The relationship between the price of a commodity and the supply of commodity is
What are the functions of Entrepreneur?
Examine the Law of Variable Proportions with the help of a diagram.
Elucidate the Laws of Returns to Scale. Illustrate.
Other things remaining unchanged, change in supply due to increase in price is called ______.
Law of supply states that ______.
Assertion (A): Law of Supply is a qualitative statement.
Reason (R): Law of Supply indicates the magnitude of change in the quantity supplied.
Explain the law of supply.
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?
Which of the following is NOT an assumption of the Law of Supply?
Why does the Law of Supply not apply to rare goods like antiques and old coins?
Which of these situations violates the "ceteris paribus" (other things being constant) condition for the Law of Supply?
