Advertisements
Advertisements
प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
Advertisements
उत्तर
When there is an infinite supply at a particular price, then the supply is said to be perfectly elastic. The supply curve is a horizontal straight line parallel to the x-axis, as shown in the diagram. Quantity supplied can be OM, OQ or ON at the same price as OP.
संबंधित प्रश्न
Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.
Identify the elasticity of supply for the following with proper reasoning:
Nature of the entrepreneurs.
Which of the following statements are true?
The cost of production will increase if
- The government gives subsidies
- The firm uses obsolete technology
- The price of diesel increases
Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?
When there is no change in price, but quality supplied changes, it implies a situation of ______.
Give the meaning of perfectly inelastic supply.
Define price elasticity of supply.
Identify and define the degree of price elasticity of supply from the diagram for the supply curves S1, S2, S3, S4.
Draw relatively elastic supply.
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
