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प्रश्न
Define a relatively inelastic supply.
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उत्तर
Supply of a commodity will be said to be inelastic if the percentage change in quantity supplied is less than the percentage change in price.
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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.
The given diagram is a case of ______ supply.
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
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 ______.
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
Draw the supply curve showing price elasticity of supply greater than one.
Indicate the degree of elasticity on the supply curve given below:
When is supply of a good unitary elastic?
Draw relatively inelastic supply.
