Elasticity of supply - class-X
| Description: elasticity of supply | |
| Number of Questions: 95 | |
| Created by: Naresh Verma | |
| Tags: supply - law of supply and price elasticity of supply theory of supply applications of derivative economics producer behaviour and supply production analysis producer's behaviour the theory of firm under perfect competition business maths |
The supply is __________, when a greater change in price leads to smaller change in quantity supplied.
The percentage change in quantity supplied due to percentage change in price is called __________.
Write True or False with a reason.
Price elasticity of supply measures the change in quantity supplied in response to a change in own price of the commodity.
CRR refers to the share of_____________ that rural banks have to maintain with RBI of their net demand and time liabilities?
When the Cross Price Elasticity of demand between two goods is zero then those goods are called?
Rent will be produced at that time when ________.
Land is the only factor of production whose supply is _____.
The horizontal demand curve parallel to X-axis implies that the elasticity of demand is ______.
How many degrees are there to measure the elasticity of supply?
Where will the supply curve be horizontal and parallel to the x-axis?
__________ are relatively less elastic in supply.
Which of the following points underlines the importance of elasticity of supply?
"Elasticity of supply is defined as the percentage change in quantity supplied divided by percentage change in price." Who provided this definition?
Which of the following factors affect the elasticity of supply of a commodity?
Supply is _________ when a change in the price causes no change in supply.
When with a minute change or without any change in price, supply may change to any extent, then the supply is _____________.
Which methods are used for the measurement of elasticity of supply?
The supply of agricultural products is generally ________.
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 ________.
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 _______.
Unitary elasticity of supply means _________.
A horizontal supply curve parallel to the quantity axis (X-axis) implies that the elasticity of supply is _______.
Relatively elastic supply means ________.
Elasticity of supply is greater than one when _________.
Perfectly elastic supply means _________.
The concept of consumer's surplus is useful in _______.
When price of a commodity increase from Rs.10 to Rs.12 per unit, its supply goes up from 100 units to 140 units, the elasticity of supply would be ____.
If a fall in price of 'Y' result in a decrease in the sale of 'X', the two goods appear to be _____________.
When price of a commodity increase from Rs. 10 Rs. 12 per units, its supply goes up from 100 units to 140 units, the elasticity of supply would be _______.
The supply curve which is beginning at the origin has.
Supply is likely to be more price elastic ________,
Percent increase in the price of sugar reduces sugar consumption by about 5 percent. The increase causes households to _____________.
Which one of the following labour resources will likely have the most inelastic supply schedule in the short run?
When the greater the elasticity of supply, the change in the new equilibrium price will _____________.
The _________ refers to the amount of a certain good producers are willing to supply when receiving a certain price.
Usually, the demand for commodities, the consumption of which can be postponed, has an _________ demand as the prices rise and expected to fall again.
The supply is said to be __________, when any change in price produces no change in the quantity supplied of a commodity.
The supply is ___________, when a small change in price causes a greater change in quantity supplied.
The formula for calculating price elasticity of supply is ________________.
The supply is said to be ____________, when a very insignificant change in price leads to an infinite change in quantity supplied.
The supply is ________, when a greater change in price leads to smaller change in quantity supplied.
Relatively in inelastic supply means: _____________.
Elasticity of supply refers to the degree of responsiveness of supply of a good to changes in its.
The elasticity of supply is defined as the.
Elasticity of supply is measured by dividing the percentage change in quantity supplied of a good by __________.
Elasticity of supply is zero means.
If the quantity supplied exactly equal to the relative change in price than the elasticity of supply is?
If the percentage change in supply is less then the percentage change in price it is called.
If the price of apples rises from $Rs. 30$ per kg to $Rs. 40$ per kg and the supply increases from $240\ kg$ to $300\ kg$, Elasticity of supply is _________.
If the price of bananas rises from $Rs. 10$ per dozen to $Rs. 15$ per dozen and the supply increases from $100$ dozens to $125$ dozens. Elasticity of supply is ______________.
When supply of a commodity remain same with change in price, this situation is called as _____________.
If supply of a commodity falls by $20$% due to decrease in price of the commodity by $10$%, then elasticity of supply will be _______.
Elasticity of supply for a positively sloping supply curve that starts from price axis is ______.
In case of perfectly elastic supply, the supply curve is _________.
If elasticity of supply becomes negative, supply curve is _________.
When supply curve is upward sloping and originates from the starting point, elasticity is __________.
Write True or False with a reason.
When a firm is using some rigid technology, its ${E} _{s}$ tends to be high.
Write True or False with a reason.
If a straight line upward sloping supply curve shoots from the X-axis, elasticity of supply $>1$.
Write True or False with a reason.
In the long period, elasticity of supply tends to be lower than in the short period.
Write True or False with a reason.
If elasticity of supply $=0$, supply curve becomes a horizontal straight line.
Write True or False with a reason.
If a straight line upward sloping supply curve shoots from the Y-axis, elasticity of supply $< 1$.
Write True or False with a reason.
${E} _{s}=1$ only if supply curve forms a $\angle {45}^{o}$ at the origin. Is it true?
Write True or False with a reason.
If a straight line upward sloping supply curve shoots from the origin, elasticity of supply is always equal to one.
In a situation of perfectly elastic supply, price of the commodity tends to remain constant, no matter demand increases or decreases.
The responsiveness of the sellers to a particular change in the price of the commodity is termed as ___________.
The concept of elasticity of supply is a parallel concept to the concept of __________.
The elasticity of supply is _________ when the change in the amount of supply is in exact proportion to the change in price.
A supply curve passing through any point on X axis (quantity) will have elasticity __________.
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 the price rises to Rs. 15,000 he is prepared to supply 1,500 pieces. The elasticity of supply of the TV set is _______.
A 6% decrease in price has caused 9% decrease in quantity supplied, the price elasticity of supply will be _________.
A 6% increase in price has caused 8% increase in quantity supplied, the price elasticity of supply will be _________.
The supply function is given as: Q= -100 + 10P.