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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
What is the formula for percentage method of calculating price elasticity of supply?
Identify the elasticity of supply for the following with proper reasoning:
Nature of the entrepreneurs.
A 10 per cent increase in price of a good causes 5 per cent increase in its quantity supplied, elasticity of supply will be ______.
When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
Choose the correct term for the given definition.
The ratio between the percentage change in supply to a percentage change in price.
Pick the option which does not belong to the group.
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 ______.
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.
When there is no change in price, but quality supplied changes, it implies a situation of ______.
How is elasticity of supply measured according to the percentage method?
Indicate the degree of elasticity on the supply curve given below:
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.
Why does the measure of price elasticity of supply of a good carry plus sign?
When is supply of a good unitary elastic?
What do you mean by perfectly inelastic supply?
Define a relatively inelastic supply.
Draw relatively elastic supply.
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
