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)
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 |
APPEARS IN
RELATED QUESTIONS
Draw a perfectly elastic supply curve.
Define a relatively elastic supply.
Identify the elasticity of supply for the following with proper reasoning:
Primitive and advanced technology.
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.
What is the degree of elasticity of supply in the diagram?
If price elasticity of supply is greater than 1, then supply is said be elastic.
- Price elasticity of supply of a good is 0.8, its supply is said to be inelastic.
- 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.
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 ______.
Elasticity of supply is measured by:
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.
Draw and briefly explain a perfectly inelastic supply curve.
Draw and briefly explain a perfectly elastic supply curve.
Draw the supply curve showing price elasticity of supply less than one.
If the price of a commodity falls by 10% and consequently, the quantity supplied decreases by 20%, what will be its elasticity of supply?
Why does the measure of price elasticity of supply of a good carry plus sign?
