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Identify the elasticity of supply for the following with proper reasoning:
Short run and long run period.
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Identify the elasticity of supply for the following with proper reasoning:
Perishable and durable goods.
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Identify the elasticity of supply for the following with proper reasoning:
Nature of the entrepreneurs.
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What is the degree of elasticity of supply in the diagram?
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A 10 per cent increase in price of a good causes 5 per cent increase in its quantity supplied, elasticity of supply will be ______.
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When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
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Which of the following measures of price elasticity shows elasticity shows elastic supply?
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If price elasticity of supply is greater than 1, then supply is said be elastic.
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- 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.
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The given diagram is a case of ______ supply.
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Choose the correct term for the given definition.
The ratio between the percentage change in supply to a percentage change in price.
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Which of the following statements are true?
The cost of production will increase if
- The government gives subsidies
- The firm uses obsolete technology
- The price of diesel increases
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When an entrepreneur introduces a new technique or a new product, it is called ______.
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When the price increases by 50% and the supply increases only by 5% the price elasticity of supply of that commodity will be ______.
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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 ______.
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Elasticity of supply is measured by:
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Pick the option which does not belong to the group.
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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 ______.
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A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
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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:
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