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प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
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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.
When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
Draw a straight line supply showing elasticity greater than one.
Price elasticity of supply is likely to be ______ in the long run.
Cotton and cotton seeds are examples of ______ supply.
Using graphs, explain any four types of elasticity of supply.
Why does the measure of price elasticity of supply of a good carry plus sign?
When is supply of a good unitary elastic?
Draw relatively inelastic supply.
