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प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
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उत्तर
When the percentage change in quantity supplied is greater than the percentage change in price, then supply for such a commodity is said to be highly elastic. In such a case, Es > 1, and the straight line supply curve originates from the Y-axis, as shown in the following diagram.
संबंधित प्रश्न
Draw a perfectly elastic supply curve.
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
Draw a straight line supply showing elasticity greater than one.
Draw and briefly explain a perfectly inelastic supply curve.
Define price elasticity of supply.
What is meant by elasticity of supply?
Using graphs, explain any four types of elasticity of supply.
What do you mean by elastic supply?
What do you mean by perfectly inelastic supply?
Define a relatively inelastic supply.
