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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
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:
Identify the elasticity of supply for the following with proper reasoning:
Nature of the entrepreneurs.
A 10 per cent increase in price of a good causes 5 per cent increase in its quantity supplied, elasticity of supply will be ______.
- Price elasticity of supply of a good is 0.8, its supply is said to be inelastic.
- If the quantity supplied of a commodity remain the same whatever its price supply is said to perfectly inelastic.
When the price increases by 50% and the supply increases only by 5% the price elasticity of supply of that commodity will be ______.
When the percentage change in the quantity supplied of a commodity is exactly equal to the percentage change in its price it is known as ______.
Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I:
| 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:
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Draw a straight line supply showing elasticity greater than one.
How is elasticity of supply measured according to the percentage method?
Define price elasticity of supply.
What is meant by elasticity of supply?
Using graphs, explain any four types of elasticity of supply.
What do you mean by elastic supply?
Price elasticity of supply of a good is 0.8. Is the supply 'elastic' or 'inelastic', and why?
Draw a straight line supply curve of the following situation.
More than unitary elastic
