Solved UPSC CDS/OTA Question
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Q · Law of ElasticityMedium · 45s
If the price elasticity of supply is greater than one, supply is said to be:
TopicLaw of Elasticity
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
Es > 1 means the percentage change in quantity supplied is greater than the price change.
Final Answer: Option C - Relatively elastic