English

Draw a straight line supply curve of the following situation. More than unitary elastic - Economics

Advertisements
Advertisements

Question

Draw a straight line supply curve of the following situation.

More than unitary elastic

Diagram
Advertisements

Solution

Any straight-line supply curve that originates from the y-axis has more than unitary elasticity. Supply curve S4 shows more than unitary elastic supply.

shaalaa.com
Elasticity of Supply
  Is there an error in this question or solution?
Chapter 3: Theory of Supply - QUESTION BANK [Page 78]

APPEARS IN

Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 3 Theory of Supply
QUESTION BANK | Q 45. (iii) | Page 78
R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 6 Supply and Law of Supply
EXAMINATION CORNER | Q 9. (iii) | Page 6.20
Frank Economics [English] Class 12 ISC
Chapter 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 69. (iii) | Page 460

RELATED QUESTIONS

Explain briefly the impact of the cost of production on the elasticity of supply.


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.


Explain any three factors affecting elasticity of supply.


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:

Perishable and durable goods.


Identify the elasticity of supply for the following with proper reasoning:

Nature of the entrepreneurs.


Which of the following measures of price elasticity shows elasticity shows elastic supply?


  1. Price elasticity of supply of a good is 0.8, its supply is said to be inelastic.
  2. If the quantity supplied of a commodity remain the same whatever its price supply is said to perfectly inelastic.

The given diagram is a case of ______ supply.


Elasticity of supply is measured by:


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.


When is the supply of a commodity is called elastic?


If the price of a commodity increases by 50% and its supply increases by 25% then calculate the price elasticity of supply following the percentage method. Identify the degree of price elasticity.


Explain any four determinants of elasticity of supply.


Indicate the degree of elasticity on the supply curve given below:


What is meant by elasticity of supply?


Draw relatively elastic supply.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×