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Standard XII

Physics

Logic Gates

If supply of ...

Question

If supply of a commodity falls by $20$ % due to decrease in price of the commodity by $10$ %, then elasticity of supply will be _______.

elastic

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unit elastic

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perfectly elastic

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none of the above

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Solution

The correct option is A elastic
When change in supply is higher than the change in price of the commodity, the supply is elastic.

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Similar questions

Q. If the price of a commodity increases by

50 %

and its supply increases by 25% then calculate the price elasticity of supply following the percentage method. Identify the degree of price elasticity.

Q. Find elasticity of supply when price increases by

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The price of a commodity is Rs 100 per unit and quantity supplied at this price is 500 units. If its price falls by 10 percent and quantity supplied falls to 400 units. Calculate its price elasticity.

Q. Price elasticity of supply for a commodity is

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per unit, supply rises by

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Q. A

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If supply of a commodity falls by 20% due to decrease in price of the commodity by 10%, then elasticity of supply will be _______.

The correct option is A elasticWhen change in supply is higher than the change in price of the commodity, the supply is elastic.

If supply of a commodity falls by $20$ % due to decrease in price of the commodity by $10$ %, then elasticity of supply will be _______.

The correct option is A elastic
When change in supply is higher than the change in price of the commodity, the supply is elastic.