Advertisements
Advertisements
प्रश्न
Define a relatively elastic supply.
Advertisements
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).
APPEARS IN
संबंधित प्रश्न
When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
Choose the correct term for the given definition.
The ratio between the percentage change in supply to a percentage change in price.
Pick the option which does not belong to the group.
When is the supply of a commodity is called elastic?
The quantity of a commodity supplied increases by 25% when its price rises by 10%. Calculate price elasticity of supply.
Draw the supply curve showing price elasticity of supply less than one.
Indicate the degree of elasticity on the supply curve given below:
What is meant by elasticity of supply?
If the price of a commodity falls by 10% and consequently, the quantity supplied decreases by 20%, what will be its elasticity of supply?
Price elasticity of supply of a good is 0.8. Is the supply 'elastic' or 'inelastic', and why?
