Producer Behaviour and Supply-Supply (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 15 - 24 of 39

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Question number: 15

» Producer Behaviour and Supply » Supply » Elasticity of Supply

Appeared in Year: 2010

Essay Question▾

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At a price of Rs. 5 per unit of commodity A, total revenue is Rs. 800. When its price rises by 20 percent, total revenue increases by Rs. 400. Calculate its price elasticity of supply.

Explanation

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Question number: 16

» Producer Behaviour and Supply » Supply » Supply Schedule

Essay Question▾

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Give meaning of money supply, State its components.

Explanation

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Question number: 17

» Producer Behaviour and Supply » Supply » Determinants of Supply

Short Answer Question▾

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Give the meaning of aggregate supply.

Question number: 18

» Producer Behaviour and Supply » Supply » Supply Schedule

Short Answer Question▾

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Give meanings of supply schedule.

Question number: 19

» Producer Behaviour and Supply » Supply » Supply Curve

Essay Question▾

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Draw straight line supply curves with price elasticity of supply equal to (i) one, (ii) less than one and (iii) more than one

Explanation

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Question number: 20

» Producer Behaviour and Supply » Supply » Determinants of Supply

Short Answer Question▾

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Will the supply at a point on a positively sloped, straight line supply curve be unitary elastic, elastic or inelastic?

Question number: 21

» Producer Behaviour and Supply » Supply » Supply Schedule

Essay Question▾

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Distinguish between (i) elastic and inelastic supply and (ii) perfectly elastic and perfectly inelastic supply.

Explanation

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Question number: 22

» Producer Behaviour and Supply » Supply » Supply Schedule

Short Answer Question▾

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When exchange rate of foreign currency rises, its supply rises. How? Explain.

Question number: 23

» Producer Behaviour and Supply » Supply » Supply Curve

Essay Question▾

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What is the likely effect on the supply of good if a unit tax is imposed on that good? Explain.

Explanation

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Question number: 24

» Producer Behaviour and Supply » Supply » Elasticity of Supply

Essay Question▾

Describe in Detail

Draw supply curves with price elasticity of supply throughout equal to (i) Zero (ii) one, (iii) infinity and less than one.

Explanation

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