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
Describe in Detail
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
Describe in Detail
Give meaning of money supply, State its components.
Explanation
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Question number: 17
» Producer Behaviour and Supply » Supply » Determinants of Supply
Write in Short
Give the meaning of aggregate supply.
Question number: 18
» Producer Behaviour and Supply » Supply » Supply Schedule
Write in Short
Give meanings of supply schedule.
Question number: 19
» Producer Behaviour and Supply » Supply » Supply Curve
Describe in Detail
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
Write in Short
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
Describe in Detail
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
Write in Short
When exchange rate of foreign currency rises, its supply rises. How? Explain.
Question number: 23
» Producer Behaviour and Supply » Supply » Supply Curve
Describe in Detail
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
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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