If the price of apples rises from Rs. 30 per kg to Rs. 40 per kg and the supply increases from 240 kg to Rs. 300 kg. Elasticity of supply is
Supply refers to quantity supplied at a particular price for a particular period of time:
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When supply price increase in the short run, the profit of the producer________:
When change in the quantity supplied is proportionate to the change in the price, the producer is said to have ______:
Price of a product falls by 10% and its demand rises by 30%. The elasticity of demand is
When supply is perfectly inelastic, elasticity of supply is equal to:
A change in the supply of a commodity along with same supply curve may occur due to:
If a 20% fall in price brings about a 10% fall in quantity supplied, in such a case elasticity of supply will be equal to:
Elasticity of supply is defined as responsiveness of quantity supplied of a good to change in _____.
If supply curve is Perfectly Inelastic, the supply curve is _______ to Y- axis.
If Rs. 20% fall in the price brings about a 10% fall in the quantity supplied, then the elasticity of supply will be equal to:
The following are causes of shift in demand EXCEPT the one
When Supply Curve shifts to the right there is _____ in Supply.
If the supply of a commodity is perfectly elastic, an increase in demand will result in:
The price of mangoes increases form Rs. 30 per kilogram to Rs. 40 per kilogram and the supply increases from 240 kilograms the 300 kilograms. What will be the elasticity of supply for mangoes?
A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply is
If quantity demanded is completely unresponsive to changes in price, demand is:
Expansion in supply refers to a situation when the producers are willing to supply a:
When supply price increase in the short run, the profit of the producer________:
When price remains constant and quantity demanded changes, then the elasticity of demand will be:
What is the elasticity of supply, when price changes from Rs. 15 to Rs. 12 and supply change from 6 units to 5 units?
At a price of Rs. 25 per kg, the supply of a commodity is 10,000 kg per week. An increase in its price to Rs. 30 per kg, increases the supply of the commodity to 12,000 kg per week. The elasticity of supply will be:-