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प्रश्न
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 ______.
पर्याय
Unitary elastic supply
Relatively inelastic supply
Relatively elastic supply
Perfectly inelastic supply
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उत्तर
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 Unitary elastic supply.
Explanation:
Unitary elastic supply occurs when the percentage change in the quantity supplied of a commodity is exactly equal to the percentage change in its price. This means the elasticity of supply (Es) equals 1, indicating a proportional relationship between price and quantity supplied.
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संबंधित प्रश्न
Explain briefly the impact of the cost of production on the elasticity of supply.
Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.
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.
What is the degree of elasticity of supply in the diagram?
Which of the following measures of price elasticity shows elasticity shows elastic supply?
When the price increases by 50% and the supply increases only by 5% the price elasticity of supply of that commodity will be ______.
If the price elsaticity of supply is 1 and the percentage change in price is 10, then the percentage change in quatity supplied should be ______.
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.
Draw a straight line supply showing elasticity greater than one.
Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?
The coefficient of elasticity of a commodity is 0.4. What percentage change in supply will take place if its price rises 20%?
Cotton and cotton seeds are examples of ______ supply.
Explain any four determinants of elasticity of supply.
Draw and explain the following degree of elasticity of supply.
Ep > 1
What do you mean by elastic supply?
When is supply of a good unitary elastic?
Draw relatively elastic supply.
