English

Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I: Column I A. Perfectly Inelastic B. Perfectly Elastic C. Inelastic D. Highly Elastic

Advertisements
Advertisements

Question

Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I:

Column I Column II
A. Perfectly Inelastic (i) Es > 1
B. Perfectly Elastic (ii) Es < 1
C. Inelastic (iii) Es = 0
D. Highly Elastic (iv) Es = infinity

Choose the correct alternative:

Options

  • A. (iv), B. (i), C. (iii), D. (ii)

  • A. (ii), B. (iii) c. (i), D. (iv)

  • A (iii), B. (iv), C. (ii) D. (i)

  • A. (i), B. (ii), c. (iv), D. (iii)

MCQ
Match the Columns
Advertisements

Solution

A (iii), B. (iv), C. (ii) D. (i)

Explanation:

Column I Column II
A. Perfectly Inelastic (iii) Es = 0
B. Perfectly Elastic (iv) Es = infinity
C. Inelastic (ii) Es < 1
D. Highly Elastic (i) Es > 1
shaalaa.com
Elasticity of Supply
  Is there an error in this question or solution?
Chapter 3: Theory of Supply - QUESTIONS [Page 77]

APPEARS IN

Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 3 Theory of Supply
QUESTIONS | Q 1. | Page 77

RELATED QUESTIONS

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


With the help of a suitable diagram, explain the following degree of elasticity of supply.

Es = ∞


Define a relatively elastic supply.


What is the formula for percentage method of calculating price elasticity of supply?


What is the degree of elasticity of supply in the diagram?


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


Which of the following statements are true?

The cost of production will increase if

  1. The government gives subsidies
  2. The firm uses obsolete technology
  3. The price of diesel increases

When an entrepreneur introduces a new technique or a new product, it is called ______.


Elasticity of supply is measured by:


Pick the option which does not belong to the group.


A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.


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 there is no change in price, but quality supplied changes, it implies a situation of ______.


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.


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.


Give the meaning of perfectly inelastic supply.


Draw the supply curve showing price elasticity of supply less than one.


Draw relatively elastic supply.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×