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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
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
Define a relatively elastic supply.
Identify the degree of elasticity of supply from the following graph:
What is the formula for percentage method of calculating price elasticity of supply?
Explain any three factors affecting elasticity of supply.
When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
Which of the following measures of price elasticity shows elasticity shows elastic supply?
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 ______.
Define elasticity of supply.
The coefficient of elasticity of a commodity is 0.4. What percentage change in supply will take place if its price rises 20%?
With the help of a formula calculate the elasticity of supply from the following table:
| Price | Quantity supplied |
| 10 | 200 |
| 15 | 225 |
When there is no change in price, but quality supplied changes, it implies a situation of ______.
Cotton and cotton seeds are examples of ______ supply.
Draw and briefly explain a perfectly inelastic supply curve.
Explain any four determinants of elasticity of supply.
Indicate the degree of elasticity on the supply curve given below:
If the price of a commodity falls by 10% and consequently, the quantity supplied decreases by 20%, what will be its elasticity of supply?
What is meant by inelastic supply?
Price elasticity of supply of a good is 0.8. Is the supply 'elastic' or 'inelastic', and why?
