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प्रश्न
Identify the elasticity of supply for the following with proper reasoning:
Short run and long run period.
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उत्तर
Short-run supply elasticity is lower due to the assumption that producers cannot increase supply in the short term. However, in the long run, supply elasticity is higher. In the long run, manufacturers have time to alter supply.
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संबंधित प्रश्न
Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:
Identify the degree of elasticity of supply from the following graph:
Identify the elasticity of supply for the following with proper reasoning:
Nature of the entrepreneurs.
What is the degree of elasticity of supply in the diagram?
Elasticity of supply is measured by:
Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I:
| Column I | Column II |
| A. Perfectly Inelastic | (i) Es > 1 |
| B. Perfectly Elastic | (ii) Es < 1 |
| C. Inelastic | (iii) Es = 0 |
| D. Highly Elastic | (iv) Es = infinity |
Choose the correct alternative:
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.
Draw a straight line supply showing elasticity greater than one.
The coefficient of elasticity of a commodity is 0.4. What percentage change in supply will take place if its price rises 20%?
The quantity of a commodity supplied increases by 25% when its price rises by 10%. Calculate price elasticity of supply.
Draw and briefly explain a perfectly elastic supply curve.
Define price elasticity of supply.
Draw the supply curve showing price elasticity of supply greater than one.
Draw the supply curve showing price elasticity of supply less than one.
Indicate the degree of elasticity on the supply curve given below:
Why does the measure of price elasticity of supply of a good carry plus sign?
Why is the supply of eggs inelastic?
Draw a straight line supply curve of the following situation.
More than unitary elastic
Define a relatively inelastic supply.
