Advertisements
Advertisements
प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
Advertisements
उत्तर
When there is an infinite supply at a particular price, then the supply is said to be perfectly elastic. The supply curve is a horizontal straight line parallel to the x-axis, as shown in the diagram. Quantity supplied can be OM, OQ or ON at the same price as OP.
संबंधित प्रश्न
When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
Pick the option which does not belong to the group.
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.
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.
Explain any four determinants of elasticity of supply.
Give the meaning of perfectly elastic supply.
Why does the measure of pnce elasticity of supply of a good carry plus sign?
What is meant by inelastic supply?
Price elasticity of supply of a good is 0.8. Is the supply 'elastic' or 'inelastic', and why?
