मराठी

The quantity of a commodity supplied increases by 25% when its price rises by 10%. Calculate price elasticity of supply. - Economic Applications

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प्रश्न

The quantity of a commodity supplied increases by 25% when its price rises by 10%. Calculate price elasticity of supply.

संख्यात्मक
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उत्तर

Es = `(ΔQ)/(ΔP)xxP/Q`

= `25/10`

= 2.5

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Elasticity of Supply
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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 23. | पृष्ठ ७३

संबंधित प्रश्‍न

Explain briefly the impact of the cost of production on the elasticity of supply.


Draw a perfectly inelastic supply curve.


Draw a perfectly elastic supply curve.


Identify the degree of elasticity of supply from the following graph:


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

Short run and long run period.


When an entrepreneur introduces a new technique or a new product, it is called ______.


Pick the option which does not belong to the group.


Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column:

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:


Draw a straight line supply showing elasticity greater than one.


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


The coefficient of elasticity of a commodity is 0.4. What percentage change in supply will take place if its price rises 20%?


Cotton and cotton seeds are examples of ______ supply.


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.


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 pnce elasticity of supply of a good carry plus sign?


What do you mean by elastic supply?


Why is the supply of eggs inelastic?


Define a relatively inelastic supply.


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