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प्रश्न
What is the formula for percentage method of calculating price elasticity of supply?
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उत्तर
Percentage method for calculating price elasticity of supply:
Price elasticity of supply refers to the ratio of percentage change in quantity supplied to the percentage change in price.
`e_s = "Percentage change in Quantity Supplied"/"Percentage change in Price"`
`e_s = ((ΔQ)/Q xx 100)/((ΔP)/P xx 100)`
= `(ΔQ)/(ΔP) xx P/Q`
संबंधित प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
Explain any three factors affecting elasticity of supply.
Pick the option which does not belong to the group.
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
Price elasticity of supply is likely to be ______ in the long run.
Indicate the degree of elasticity on the supply curve given below:
Indicate the degree of elasticity on the supply curve given below:
Draw relatively inelastic supply.
Draw relatively elastic supply.
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
