English

What is the degree of elasticity of supply in the diagram? - Economic Applications

Advertisements
Advertisements

Question

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

Options

  • Infinity

  • One

  • Zero

  • None of these

MCQ
Advertisements

Solution

Zero

shaalaa.com
Elasticity of Supply
  Is there an error in this question or solution?
Chapter 3: Theory of Supply - QUESTIONS [Page 67]

APPEARS IN

Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 3 Theory of Supply
QUESTIONS | Q 15. | Page 67
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 4 Theory of Supply
Exercise | Q 15. | Page 97

RELATED QUESTIONS

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

Es = ∞


Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:


Explain any three factors affecting elasticity of supply.


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

Short run and long run period.


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

Perishable and durable goods.


A 10 per cent increase in price of a good causes 5 per cent increase in its quantity supplied, elasticity of supply will be ______.


If price elasticity of supply is greater than 1, then supply is said be elastic.


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 ______.


Pick the option which does not belong to the group.


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.


Define elasticity of supply.


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


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.


Give the meaning of perfectly elastic supply.


Define price elasticity of supply.


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


Identify and define the degree of price elasticity of supply from the diagram for the supply curves S1, S2, S3, S4.


If the price of a commodity falls by 10% and consequently, the quantity supplied decreases by 20%, what will be its elasticity of supply?


What do you mean by elastic supply?


Draw relatively inelastic supply.


Draw relatively elastic supply.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×