Advertisements
Advertisements
प्रश्न
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
पर्याय
Relatively elastic supply
Relatively inelastic supply
Perfectly elastic supply
Unitary elastic supply
Advertisements
उत्तर
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have unitary elastic supply.
Explanation:
A linear supply curve starting from the origin and making a steep angle (such as 75 degrees) with the X-axis indicates that the quantity supplied changes by a smaller proportion compared to changes in price. This steep curve suggests that the supply is relatively inelastic, meaning that the elasticity of supply is less than 1.
APPEARS IN
संबंधित प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.
Define a relatively elastic supply.
Identify the degree of elasticity of supply from the following graph:
Identify the value of elasticity of supply for the supply curve OS and S1S2.
Identify the elasticity of supply for the following with proper reasoning:
Perishable and durable goods.
Which of the following measures of price elasticity shows elasticity shows elastic supply?
The given diagram is a case of ______ supply.
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 ______.
When is the supply of a commodity is called elastic?
Draw a straight line supply showing elasticity greater than one.
Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?
Draw and briefly explain a perfectly elastic supply curve.
How is elasticity of supply measured according to the percentage method?
Draw the supply curve showing price elasticity of supply less than one.
What is meant by inelastic supply?
When is supply of a good unitary elastic?
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.
