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प्रश्न
Draw and explain the following degree of elasticity of supply.
Ep > 1
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उत्तर
Supply of a commodity will said to be elastic, if the percentage change in quantity supplied exceeds the percentage change in once. In other words, elastic supply is one in which elasticity is greater than one indicating high responsiveness supply in it the change price.
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संबंधित प्रश्न
Explain briefly the impact of the cost of production on the elasticity of supply.
Draw a perfectly inelastic supply curve.
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 elasticity of supply for the following with proper reasoning:
Primitive and advanced technology.
Identify the elasticity of supply for the following with proper reasoning:
Short run and long run period.
What is the degree of elasticity of supply in the diagram?
When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
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 ______.
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
Define elasticity of supply.
Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?
Explain any four determinants of elasticity of supply.
Give the meaning of perfectly inelastic supply.
Define price elasticity of supply.
What do you mean by elastic supply?
When is supply of a good unitary elastic?
Explain the percentage method of measuring price elasticity of supply.
