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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
Draw a perfectly inelastic supply curve.
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.
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:
Nature of the entrepreneurs.
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.
When an entrepreneur introduces a new technique or a new product, it is called ______.
Pick the option which does not belong to the group.
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 ______.
Assertion (A): In case of perfectly inelastic supply, supply curve is a vertical straight line supply curve.
Reason (R): Supply does not change with change in price in case of Es = 0.
Define elasticity of supply.
Draw a straight line supply showing elasticity greater than one.
With the help of a formula calculate the elasticity of supply from the following table:
| Price | Quantity supplied |
| 10 | 200 |
| 15 | 225 |
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.
Give the meaning of perfectly inelastic supply.
Draw the supply curve showing price elasticity of supply less than one.
Identify and define the degree of price elasticity of supply from the diagram for the supply curves S1, S2, S3, S4.
If the price of a commodity falls by 10% and consequently, the quantity supplied decreases by 20%, what will be its elasticity of supply?
Why does the measure of price elasticity of supply of a good carry plus sign?
What is meant by inelastic supply?
When is supply of a good unitary elastic?
Why is the supply of eggs inelastic?
Explain the percentage method of measuring price elasticity of supply.
Draw relatively inelastic supply.
Draw relatively elastic supply.
