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

Options
Infinity
One
Zero
None of these
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Solution
Zero
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Define a relatively elastic supply.
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Which of the following statements are true?
The cost of production will increase if
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- The firm uses obsolete technology
- The price of diesel increases
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When the percentage change in the quantity supplied of a commodity is exactly equal to the percentage change in its price it is known as ______.
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
Which of the following measures of price elasticity shows inelastic supply?
Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?
The coefficient of elasticity of a commodity is 0.4. What percentage change in supply will take place if its price rises 20%?
Price elasticity of supply is likely to be ______ in the long run.
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.
Draw and briefly explain a perfectly elastic supply curve.
Explain any four determinants of elasticity of supply.
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Give the meaning of perfectly inelastic supply.
Draw the supply curve showing price elasticity of supply less than one.
Indicate the degree of elasticity on the supply curve given below:

Why does the measure of price elasticity of supply of a good carry plus sign?
What is meant by inelastic supply?
Draw a straight line supply curve of the following situation.
More than unitary elastic
Define a relatively inelastic supply.
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
