Advertisements
Advertisements
Question
Pick the option which does not belong to the group.
Options
Price of a commodity
Cost of Inputs
Income of the consumer
Level of technology
Advertisements
Solution
Income of the consumer
APPEARS IN
RELATED QUESTIONS
Draw a perfectly inelastic supply curve.
Draw a perfectly elastic supply curve.
Identify the elasticity of supply for the following with proper reasoning:
Primitive and advanced technology.
Identify the degree of elasticity of supply from the following graph:
Explain any three factors affecting elasticity of supply.
A 10 per cent increase in price of a good causes 5 per cent increase in its quantity supplied, elasticity of supply will be ______.
- 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 ______.
When is the supply of a commodity is called elastic?
With the help of a formula calculate the elasticity of supply from the following table:
| Price | Quantity supplied |
| 10 | 200 |
| 15 | 225 |
Draw and briefly explain a perfectly elastic supply curve.
Explain any four determinants of elasticity of supply.
How is elasticity of supply measured according to the percentage method?
Give the meaning of perfectly inelastic supply.
Draw the supply curve showing price elasticity of supply equal to one.
Indicate the degree of elasticity on the supply curve given below:
What is meant by elasticity of supply?
Using graphs, explain any four types of elasticity of supply.
Draw a straight line supply curve of the following situation.
More than unitary elastic
