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प्रश्न
Why does the measure of price elasticity of supply of a good carry plus sign?
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उत्तर
The measure of price elasticity of supply of a good carries plus sign because of positive (direct) relation between price and supply of the good.
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संबंधित प्रश्न
Explain briefly the impact of the cost of production on the elasticity of supply.
Draw a perfectly elastic supply curve.
What is the formula for percentage method of calculating price elasticity of supply?
What is the degree of elasticity of supply in the diagram?
When the percentage change in the quantity supplied of a commodity is exactly equal to the percentage change in its price it is known as ______.
Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I:
| 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:
Assertion (A): In case of perfectly inelastic supply, supply curve is a vertical straight line supply curve.
Reason (R): Supply does not change with change in price in case of Es = 0.
Define elasticity of supply.
Which of the following measures of price elasticity shows inelastic 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%?
Price elasticity of supply is likely to be ______ in the long run.
Cotton and cotton seeds are examples of ______ supply.
Explain any four determinants of elasticity of supply.
How is elasticity of supply measured according to the percentage method?
Give the meaning of perfectly elastic supply.
What is meant by elasticity of supply?
When is supply of a good unitary elastic?
Define a relatively inelastic supply.
