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What is meant by inelastic supply? - Economic Applications

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प्रश्न

What is meant by inelastic supply?

एक पंक्ति में उत्तर
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उत्तर

If the percentage change in supply of a good is less than the percentage change in the price, then the supply of the good is said to be inelastic. (i.e. Es < 1)

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Elasticity of Supply
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अध्याय 3: Theory of Supply - QUESTION BANK [पृष्ठ ७५]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 3 Theory of Supply
QUESTION BANK | Q 25. | पृष्ठ ७५
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 4 Theory of Supply
QUESTION BANK | Q 24. | पृष्ठ १०१

संबंधित प्रश्न

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.


Identify the elasticity of supply for the following with proper reasoning:

Short run and long run period.


Identify the elasticity of supply for the following with proper reasoning:

Perishable and durable goods.


The given diagram is a case of ______ supply.


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:


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


When is the supply of a commodity is called elastic?


Draw a straight line supply showing elasticity greater than one.


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


Draw and briefly explain a perfectly inelastic supply curve.


Define price elasticity of supply.


Draw the supply curve showing price elasticity of supply less than one.


Draw and explain the following degree of elasticity of supply.

Ep > 1


Identify and define the degree of price elasticity of supply from the diagram for the supply curves S1, S2, S3, S4.


Using graphs, explain any four types of elasticity of supply.


If the price of a commodity falls by 10% and consequently, the quantity supplied decreases by 20%, what will be its elasticity of supply?


Why does the measure of pnce elasticity of supply of a good carry plus sign?


Why is the supply of eggs inelastic?


Explain the percentage method of measuring price elasticity of supply.


Define a relatively inelastic supply.


Draw relatively elastic supply.


With the help of a suitable diagram, explain the following degree of elasticity of supply.

Es > 1


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