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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
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.
A 10 per cent increase in price of a good causes 5 per cent increase in its quantity supplied, elasticity of supply will be ______.
Which of the following measures of price elasticity shows elasticity shows elastic 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 ______.
Elasticity of supply is measured by:
Assertion (A): In case of perfectly inelastic supply, supply curve is a vertical straight line supply curve.
Reason (R): Supply does not change with change in price in case of Es = 0.
Draw a straight line supply showing elasticity greater than one.
Draw and briefly explain a perfectly elastic supply curve.
If the price of a commodity increases by 50% and its supply increases by 25% then calculate the price elasticity of supply following the percentage method. Identify the degree of price elasticity.
How is elasticity of supply measured according to the percentage method?
Draw the supply curve showing price elasticity of supply equal to one.
Indicate the degree of elasticity on the supply curve given below:
Indicate the degree of elasticity on the supply curve given below:
Using graphs, explain any four types of elasticity of supply.
Why does the measure of pnce elasticity of supply of a good carry plus sign?
Why is the supply of eggs inelastic?
