Tag: supply - law of supply and price elasticity of supply
Questions Related to supply - law of supply and price elasticity of supply
Which of these does not affect elasticity of supply?
A supply curve passing through the origin will have elasticity _______.
Which of these will have highly inelastic supply curve ___________.
A 8% increase in price has caused 6% increase in quantity supplied, the price elasticity of supply will be __________.
A 6% increase in price has caused 8% decrease quantity supplied, the price elasticity of supply will be _________.
Very short period is the market condition where the supply remains perfectly ___________.
If Price Rs. 20, Quantity supplied 20, Price 19, Quantity supplied 50 then what will be the arc elasticity of supply?
Very short period is the market condition where the supply remain perfectly____.
A dealer of air-conditioners is prepared to supply 1000 pieces of AC if the price is Rs. 20,000 per piece however he is prepared to supply 1200 pieces if the price is Rs. 24,000 per piece. What is the price elasticity of supply of AC?
The supply function of a product x is as Sx=4px+6.Where Px stand for price.The quantity supplied corresponding to price of Rs. 2 will be _______.