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प्रश्न
Identify the elasticity of supply for the following with proper reasoning:
Perishable and durable goods.
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उत्तर
The supply of perishable commodities is usually inelastic since they cannot be stored for long periods; hence, it cannot adjust quickly to changes in price. Excess perishable items cannot be stored and must be sold immediately to avoid waste. Durable goods have a more elastic supply due to their ability to be kept and modified to price changes without spoiling.
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संबंधित प्रश्न
Explain any three factors affecting elasticity of supply.
What is the degree of elasticity of supply in the diagram?
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:
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 ______.
Define elasticity of supply.
When is the supply of a commodity is called elastic?
Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?
When there is no change in price, but quality supplied changes, it implies a situation of ______.
Cotton and cotton seeds are examples of ______ supply.
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.
Explain any four determinants of elasticity of supply.
Give the meaning of perfectly inelastic supply.
Draw the supply curve showing price elasticity of supply equal to one.
Indicate the degree of elasticity on the supply curve given below:
Identify and define the degree of price elasticity of supply from the diagram for the supply curves S1, S2, S3, S4.
What is meant by inelastic supply?
Explain the percentage method of measuring price elasticity of supply.
Draw relatively inelastic supply.
