Tag: supply - law of supply and price elasticity of supply
Questions Related to supply - law of supply and price elasticity of supply
The vertical supply curve represents ___________ elasticity.
Elasticity of supply measures ______.
Elasticity of supply is defined as ________.
In the short run the supply is ________.
If a dealer is prepared to supply 1000 sets of a 29" Colour TV if the price is Rs. 12,000 per set, however if at price Rs. 15,000 the dealer is prepared to supply only 1100 TV sets, the elasticity of supply is _________.
A perfectly inelastic supply curve will be _________.
If the time horizon is longer, the elasticity of supply will be _______.
Elasticity of supply depends upon ________.
If a dealer is prepared to supply 1000 sets of a 29" Colour TV if the price is Rs. 12,000 per set, however if at Rs. 15,000, the dealer is prepared to supply on 1250 sets of TV the elasticity of supply is ________.
In the long run the supply curve is ________.