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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
Identify the degree of elasticity of supply from the following graph:
If price elasticity of supply is greater than 1, then supply is said be elastic.
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 ______.
Which of the following measures of price elasticity shows inelastic supply?
Cotton and cotton seeds are examples of ______ supply.
What is meant by elasticity of supply?
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.
Define a relatively inelastic supply.
Draw relatively elastic supply.
