मराठी

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. - Economic Applications

Advertisements
Advertisements

प्रश्न

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.

संख्यात्मक
Advertisements

उत्तर

Es = `(ΔQ)/(ΔP)xxP/Q`

= `300/20xx20/100`

= 3

shaalaa.com
Elasticity of Supply
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 3: Theory of Supply - QUESTIONS [पृष्ठ ७३]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
पाठ 3 Theory of Supply
QUESTIONS | Q 24. | पृष्ठ ७३

संबंधित प्रश्‍न

Draw a perfectly inelastic supply curve.


Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:


Identify the elasticity of supply for the following with proper reasoning:

Primitive and advanced technology.


Identify the elasticity of supply for the following with proper reasoning:

Short run and long run period.


Identify the elasticity of supply for the following with proper reasoning:

Perishable and durable goods.


Choose the correct term for the given definition.

The ratio between the percentage change in supply to a percentage change in price.


When the price increases by 50% and the supply increases only by 5% the price elasticity of supply of that commodity will be ______.


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 ______.


Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?


With the help of a formula calculate the elasticity of supply from the following table:

Price Quantity supplied
10 200
15 225

Cotton and cotton seeds are examples of ______ supply.


How is elasticity of supply measured according to the percentage method?


Define price elasticity of supply.


Draw and explain the following degree of elasticity of supply.

Ep > 1


Why does the measure of pnce elasticity of supply of a good carry plus sign?


What is meant by inelastic supply?


When is supply of a good unitary elastic?


Why is the supply of eggs inelastic?


Explain the percentage method of measuring price elasticity of supply.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×