Question Text
Question 2 :
Which of the following points underlines the importance of elasticity of supply?
Question 3 :
State whether the following statement is True or False:<br>Supply of perishable goods is inelasitc.
Question 4 :
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 ______________.
Question 5 :
 Write True or False with a reason.<br/>If elasticity of supply $=0$, supply curve becomes a horizontal straight line.
Question 6 :
If the quantity supplied exactly equal to the relative change in price than the elasticity of supply is?
Question 7 :
In a situation of perfectly elastic supply, price of the commodity tends to remain constant, no matter demand increases or decreases.
Question 8 :
When elasticity of demand and elasticity of supply are equal, the burden of tax ____________.
Question 10 :
Elasticity of supply is measured by dividing the percentage change in quantity supplied of a good by __________.
