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प्रश्न
Price elasticity of supply is likely to be ______ in the long run.
पर्याय
perfectly inelastic
perfectly elastic
elastic
inelastic
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उत्तर
Price elasticity of supply is likely to be elastic in the long run.
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संबंधित प्रश्न
Explain briefly the impact of the cost of production on the elasticity of supply.
What is the formula for percentage method of calculating price elasticity of supply?
Identify the elasticity of supply for the following with proper reasoning:
Perishable and durable goods.
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 ______.
When there is no change in price, but quality supplied changes, it implies a situation of ______.
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.
How is elasticity of supply measured according to the percentage method?
If the price of a commodity falls by 10% and consequently, the quantity supplied decreases by 20%, what will be its elasticity of supply?
Price elasticity of supply of a good is 0.8. Is the supply 'elastic' or 'inelastic', and why?
Define a relatively inelastic supply.
