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Why is the supply of eggs inelastic? - Economic Applications

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प्रश्न

Why is the supply of eggs inelastic?

एक पंक्ति में उत्तर
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उत्तर

Because eggs cannot be stored. They have to be sold out whatever is the price.

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Elasticity of Supply
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अध्याय 3: Theory of Supply - QUESTION BANK [पृष्ठ ७६]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 3 Theory of Supply
QUESTION BANK | Q 31. | पृष्ठ ७६
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 4 Theory of Supply
QUESTION BANK | Q 30. | पृष्ठ १०२

संबंधित प्रश्न

Draw a perfectly inelastic supply curve.


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

Perishable and durable goods.


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


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


The given diagram is a case of ______ supply.


Choose the correct term for the given definition.

The ratio between the percentage change in supply to a percentage change in price.


Elasticity of supply is measured by:


Pick the option which does not belong to the group.


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:


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.


When is the supply of a commodity is called elastic?


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

Price Quantity supplied
10 200
15 225

Price elasticity of supply is likely to be ______ in the long run.


The price of a commodity rises from ₹ 20 to ₹ 40 Consequently, its supply increases from 100 units to 400 units. Calculate price elasticity of supply.


Draw and briefly explain a perfectly elastic supply curve.


Give the meaning of perfectly elastic supply.


Give the meaning of perfectly inelastic supply.


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


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


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?


What do you mean by elastic supply?


Price elasticity of supply of a good is 0.8. Is the supply 'elastic' or 'inelastic', and why?


Explain the percentage method of measuring price elasticity of supply.


Define a relatively inelastic supply.


Draw relatively elastic supply.


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