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प्रश्न
Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:
पर्याय
All have es > 1
All have es < 1
All have es = 1
All have es = 0
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उत्तर
All have es > 1
Explanation:
In graphical presentation, when supply curves begin on the Y axis, the elasticity of supply is greater than 1. A curve beginning on the y axis indicates that even at a price close to zero, suppliers are prepared to deliver a certain number of goods. As the price rises, the quantity supplied grows at a faster rate, indicating high elasticity.
संबंधित प्रश्न
Explain briefly the impact of the cost of production on the elasticity of supply.
Draw a perfectly inelastic supply curve.
Draw a perfectly elastic supply curve.
What is the formula for percentage method of calculating price elasticity of supply?
Explain any three factors affecting elasticity of supply.
- Price elasticity of supply of a good is 0.8, its supply is said to be inelastic.
- If the quantity supplied of a commodity remain the same whatever its price supply is said to perfectly inelastic.
Choose the correct term for the given definition.
The ratio between the percentage change in supply to a percentage change in price.
When the price increases by 50% and the supply increases only by 5% the price elasticity of supply of that commodity will be ______.
Elasticity of supply is measured by:
When there is no change in price, but quality supplied changes, it implies a situation of ______.
Draw and briefly explain a perfectly inelastic supply curve.
How is elasticity of supply measured according to the percentage method?
Indicate the degree of elasticity on the supply curve given below:
Draw and explain the following degree of elasticity of supply.
Ep > 1
When is supply of a good unitary elastic?
Price elasticity of supply of a good is 0.8. Is the supply 'elastic' or 'inelastic', and why?
Draw a straight line supply curve of the following situation.
More than unitary elastic
Define a relatively inelastic supply.
