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प्रश्न
Define a relatively elastic supply.
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उत्तर
Supply of a commodity will be said to be elastic if the percentage change in quantity supplied exceeds the percentage change in price (Es > 1).
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संबंधित प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
Identify the elasticity of supply for the following with proper reasoning:
Perishable and durable goods.
Draw a straight line supply showing elasticity greater than one.
With the help of a formula calculate the elasticity of supply from the following table:
| Price | Quantity supplied |
| 10 | 200 |
| 15 | 225 |
When there is no change in price, but quality supplied changes, it implies a situation of ______.
Give the meaning of perfectly elastic supply.
Draw the supply curve showing price elasticity of supply equal to one.
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 is meant by inelastic supply?
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
