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What is the degree of elasticity of supply in the diagram? - Economic Applications

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प्रश्न

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

विकल्प

  • Infinity

  • One

  • Zero

  • None of these

MCQ
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उत्तर

Zero

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Elasticity of Supply
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Theory of Supply - QUESTIONS [पृष्ठ ६७]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 3 Theory of Supply
QUESTIONS | Q 15. | पृष्ठ ६७
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 4 Theory of Supply
Exercise | Q 15. | पृष्ठ ९७

संबंधित प्रश्न

Draw a perfectly inelastic supply curve.


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

Es = ∞


Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.


Draw a perfectly elastic supply curve.


Define a relatively elastic supply.


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

Primitive and advanced technology.


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


Explain any three factors affecting elasticity of supply.


A 10 per cent increase in price of a good causes 5 per cent increase in its quantity supplied, elasticity of supply will be ______.


When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.


If price elasticity of supply is greater than 1, then supply is said be elastic.


If the price elsaticity of supply is 1 and the percentage change in price is 10, then the percentage change in quatity supplied should be ______.


A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.


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:


Define elasticity of supply.


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%?


With the help of a formula calculate the elasticity of supply from the following table:

Price Quantity supplied
10 200
15 225

When there is no change in price, but quality supplied changes, it implies a situation of ______.


Draw and briefly explain a perfectly inelastic supply curve.


Define price elasticity of supply.


Indicate the degree of elasticity on the supply curve given below:


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.


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


Define a relatively inelastic supply.


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