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प्रश्न
Explain briefly the impact of the cost of production on the elasticity of supply.
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उत्तर
If the cost of production increases, then there is an adverse impact on supply. If the cost of production increases, then the supply does not change with the change in price and the supply of such a commodity will be perfectly inelastic.
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संबंधित प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
If price elasticity of supply is greater than 1, then supply is said be elastic.
Pick the option which does not belong to the group.
Draw and briefly explain a perfectly elastic supply curve.
Give the meaning of perfectly inelastic supply.
Draw the supply curve showing price elasticity of supply greater than one.
What is meant by inelastic supply?
What do you mean by elastic supply?
Explain the percentage method of measuring price elasticity of supply.
