ICSE Class X Economics 2019 Solved Papers

Show Para  Hide Para 
Define and draw the following :
© examsiri.com
Question : 38 of 40
 
Marks: +1, -0
Relatively elastic supply.
Solution:
Relatively Elastic Supply : A relative elasticity of supply is expressed with a flat but not horizontal curve which starts from Y-axis. It is always greater than one (es>1) . It means the percentage change in quantity is greater than the percentage change in price. In the supply curve SS, a small difference in price can bring a significant shift in supply.
© examsiri.com
Go to Question: