Law of Elasticity · UPSC CDS/OTA · Question 5 of 30

Law of Elasticity – Question 5

Step-by-step solution. Law of Elasticity for UPSC CDS/OTA.

Topic
Law of Elasticity
Subject
General Studies
Difficulty
Medium
Solve Time
45–60 sec

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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
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Law of Elasticity Question 5 – UPSC CDS/OTA