Home
Class 11
ECONOMICS
The following supply schedule is unit...

The following supply schedule is unitary elastic.

Text Solution

Verified by Experts

True. It is a cse of the elastic supply because percentage change in quantity supplied is equal to perecentage change in price throught the schedule.
Promotional Banner

Topper's Solved these Questions

  • SUPPLY

    SANDEEP GARG|Exercise GUIDELINES|13 Videos

  • SUPPLY

    SANDEEP GARG|Exercise MULTIPLE CHOICE QUESTIONS (MCQs)|33 Videos

  • SUPPLY

    SANDEEP GARG|Exercise HIGHER ORDER THINKING SKILLS QUESTIONS|6 Videos

  • REVENUE

    SANDEEP GARG|Exercise UNSOLVED PRACTICALS|21 Videos

Similar Questions

Explore conceptually related problems

On the basis of the following schedule , calculate price elasticity of demand by the percentage method : {:("Price per unit (Rs.)","Total expenditure(Rs.)"),(" "10," "180),(" " 9, " " 162):}

There are three identical frims in a market. The following table shows the supply schedule of frim 1. computer the market supply schedule.

Consider a market with two firms. The following table shows the supply schedules of the two firms: the SS_(1) column gives the supply schedule of frim 1 and the SS_(2) column gives the supply schedule of firm 2. Compute the market supply schedule.

The given supply schedule represents__.

There are three identical firms in a market. The following table shows the supply schedule of firm 1. Compute market supply schedule. |{:("Price Rs.",0,1,2,3,4,5,6,7,8),("Supply (Units) "(SS_(1)),0,0,2,4,6,8,10,12,14):}|

Draw the following schedules and mention the coefficient of price elasticity of supply

Draw the following schedules and mention the coefficient of price elasticity of supply

SANDEEP GARG-SUPPLY -TRUE /FALSE
  1. Constraction of supply occurs due to change in factors other t...

    Text Solution

    |

  2. Supply is aways unitary elastic for all supply curves starting form th...

    Text Solution

    |

  3. A producer changes supply of a commodity only when there is change in ...

    Text Solution

    |

  4. In case of zero elastic supply,supply curve is a horiozontal stri...

    Text Solution

    |

  5. Fail in productivity of wheat due to a cyclone will lead to a do...

    Text Solution

    |

  6. Law of Supply does not indicate the magnitude of change in quantity su...

    Text Solution

    |

  7. A cost savingtechnology shifts the supply curve of a commodity towards...

    Text Solution

    |

  8. An increase in excise tax leads to faill in supply of the given commod...

    Text Solution

    |

  9. A supply curve cutting quantity axis in its positive range has highly ...

    Text Solution

    |

  10. A fall in price of wheat will shift the supply curve of rice towards l...

    Text Solution

    |

  11. Individual supply curves are steeper as compared to market supply curv...

    Text Solution

    |

  12. An increase in number of firms leads to 'Expansion in Supply'.

    Text Solution

    |

  13. An infinitely elastic supply curve is parallel to the price axis.

    Text Solution

    |

  14. The following supply schedule is unitary elastic.

    Text Solution

    |

  15. An increase in the price of Limca may reduce the supply of cake .

    Text Solution

    |

  16. If the proportionate change in the quantity supplied of a commo...

    Text Solution

    |

  17. Dissoveriers, innovation and technological development will lead ...

    Text Solution

    |

  18. In market period, supply can adjust itself to the changing demand...

    Text Solution

    |

  19. The supply curve of a good shifts to the right when prices of...

    Text Solution

    |

  20. Price elasticity of supply is equal to one only when the supply ...

    Text Solution

    |