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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.
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उत्तर
Es = `(ΔQ)/(ΔP)xxP/Q`
= `25/10`
= 2.5
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संबंधित प्रश्न
Explain briefly the impact of the cost of production on the elasticity of supply.
Identify the elasticity of supply for the following with proper reasoning:
Primitive and advanced technology.
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Choose the correct term for the given definition.
The ratio between the percentage change in supply to a percentage change in price.
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Reason (R): Supply does not change with change in price in case of Es = 0.
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Indicate the degree of elasticity on the supply curve given below:
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If the price of a commodity falls by 10% and consequently, the quantity supplied decreases by 20%, what will be its elasticity of supply?
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With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
