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If the price of a commodity falls by 10% and, consequently, the quanity supplied decreases by 20 % , what will be its elasticity of supply ?

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Price Elasticity of supply `(E_(s)) = ("Precentage change in Quantity Supplied")/("Percentage change in Pric")=(20%)/(10%)= 2`
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SANDEEP GARG-SUPPLY -VERY SHORT ANSWER TYPE QUESTIONS
  1. In which situation does the supply fall at the same price?

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  2. Mention one factor that causes a rightward shift in the supply curve. ...

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  3. If a farmer grows rice and wheat, how will an increase in the price of...

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  4. Define price elasticity of supply .

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  5. If the price of a commodity falls by 10% and, consequently, the quan...

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  6. The coeffincient of elasticity of supply of a commodity is falls ...

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  7. If nothing is supplied event at a marginally reduced price, what w...

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  8. If the qunatity supplied does not change at all as prices change ,w...

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  9. What is the price elasticity of supply of a commodity whose straight l...

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  10. A straight-line supply curve cuts X-axis in its positive range. What c...

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  11. When is the supply of a commodity called 'elastic'?

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  12. A straight-line supply curve cuts the Y-axis in its positive range. Wh...

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  13. Price elasticity of supply of a good is 0.8. Is the supply 'elastic' o...

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  14. The following diagram shows the suppluy curve of three commodit...

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  15. If two supply curves intersect, which one has the higher price elastic...

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  16. What is meant by 'market period'?

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  17. Give one reason for "decrease" in supply of a commodity.

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  18. When is supply of a good said to be price inelastic?

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  19. When is supply of a good said to be perfectly price inelastic?

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  20. With the introduction of GST, the overall tax liability of the produce...

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