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प्रश्न
The coefficient of elasticity of a commodity is 0.4. What percentage change in supply will take place if its price rises 20%?
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उत्तर
Percentage Change in Quantity Supplied = Elasticity of Supply (Es) × Percentage Change in Price
Elasticity of Supply (Es) = 0.4
Percentage Change in Price = 20%
Percentage Change in Quantity Supplied = 0.4 × 20%
= 8%
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संबंधित प्रश्न
Draw a perfectly inelastic supply curve.
Draw a perfectly elastic supply curve.
Define a relatively elastic 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.
Which of the following measures of price elasticity shows elasticity shows elastic supply?
Choose the correct term for the given definition.
The ratio between the percentage change in supply to a percentage change in price.
When an entrepreneur introduces a new technique or a new product, it is called ______.
Pick the option which does not belong to the group.
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 is the supply of a commodity is called elastic?
Draw and briefly explain a perfectly inelastic supply curve.
The price of a commodity rises from ₹ 20 to ₹ 40 Consequently, its supply increases from 100 units to 400 units. Calculate price elasticity of supply.
How is elasticity of supply measured according to the percentage method?
Indicate the degree of elasticity on the supply curve given below:
What is meant by inelastic supply?
Explain the percentage method of measuring price elasticity of supply.
Define a relatively inelastic supply.
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
