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प्रश्न
Which of the following measures of price elasticity shows elasticity shows elastic supply?
विकल्प
0
0.5
1.0
1.5
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उत्तर
1.5
Explanation:
-
Elastic Supply is characterized by a price elasticity of supply greater than 1. This means that the percentage change in quantity supplied is greater than the percentage change in price.
-
The value 1.5 indicates elastic supply, as it is greater than 1. The other options (0, 0.5, and 1.0) indicate inelastic or unitary elastic supply.
संबंधित प्रश्न
Draw a perfectly inelastic supply curve.
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Identify the degree of elasticity of supply from the following graph:
What is the formula for percentage method of calculating price elasticity of supply?
Explain any three factors affecting elasticity of supply.
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Short run and long run period.
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.
- Price elasticity of supply of a good is 0.8, its supply is said to be inelastic.
- If the quantity supplied of a commodity remain the same whatever its price supply is said to perfectly inelastic.
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 ______.
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:
When is the supply of a commodity is called elastic?
The quantity of a commodity supplied increases by 25% when its price rises by 10%. Calculate price elasticity of supply.
Price elasticity of supply is likely to be ______ in the long run.
Cotton and cotton seeds are examples of ______ supply.
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Indicate the degree of elasticity on the supply curve given below:
Draw and explain the following degree of elasticity of supply.
Ep > 1
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What is meant by elasticity of supply?
What do you mean by perfectly inelastic supply?
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With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
