Tag: economics
Questions Related to economics
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 ________.
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 ___________.