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प्रश्न
When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
पर्याय
Zero
Infinity
1
10
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उत्तर
1
Explanation:
Price Elasticity of Supply (Es) is calculated using the formula:
Elasticity of Supply (Es) = `("Percentage change in quantity supplied")/("Percentage change in price")`
Es = `(10%)/(10%) =1`
An elasticity of 1 indicates unitary elasticity, where the percentage change in quantity supplied is exactly equal to the percentage change in price.
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.
Define a relatively elastic supply.
Identify the degree of elasticity of supply from the following graph:
Identify the value of elasticity of supply for the supply curve OS and S1S2.
Identify the elasticity of supply for the following with proper reasoning:
Short run and long run period.
The given diagram is a case of ______ supply.
Choose the correct term for the given definition.
The ratio between the percentage change in supply to a percentage change in price.
Elasticity of supply is measured by:
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
Which of the following measures of price elasticity shows inelastic supply?
With the help of a formula calculate the elasticity of supply from the following table:
| Price | Quantity supplied |
| 10 | 200 |
| 15 | 225 |
Price elasticity of supply is likely to be ______ in the long run.
When there is no change in price, but quality supplied changes, it implies a situation of ______.
Cotton and cotton seeds are examples of ______ supply.
Draw and briefly explain a perfectly inelastic supply curve.
How is elasticity of supply measured according to the percentage method?
Define price elasticity of supply.
Draw the supply curve showing price elasticity of supply less than one.
Indicate the degree of elasticity on the supply curve given below:
What is meant by inelastic supply?
What do you mean by elastic supply?
What do you mean by perfectly inelastic supply?
Define a relatively inelastic supply.
