What are the degrees of price elasticity of supply?

1.	What are the degrees of price elasticity of supply?
Answer» <html><body><p></p>Solution :The degrees of price <a href="https://interviewquestions.tuteehub.com/tag/elasticity-14238" style="font-weight:bold;" target="_blank" title="Click to know more about ELASTICITY">ELASTICITY</a> of <a href="https://interviewquestions.tuteehub.com/tag/supply-1235254" style="font-weight:bold;" target="_blank" title="Click to know more about SUPPLY">SUPPLY</a> are : <br/> (i) Perfectly <a href="https://interviewquestions.tuteehub.com/tag/elastic-967540" style="font-weight:bold;" target="_blank" title="Click to know more about ELASTIC">ELASTIC</a> supply. When there is an infinite supply at a particular price and supply becomes zero with a slight fall in price. ltbr. (ii) Perfectly inelastic supply. When supply does not change with change in price. ltbr. (iii) Highly elastic supply. When `%` change in quantity supplied is <a href="https://interviewquestions.tuteehub.com/tag/greater-476627" style="font-weight:bold;" target="_blank" title="Click to know more about GREATER">GREATER</a> than `%` change in price. <br/> (iv) Less elastic supply. When `%` change in quantity supplied is less than `%` change in price. ltbr. (v) <a href="https://interviewquestions.tuteehub.com/tag/unitary-3246772" style="font-weight:bold;" target="_blank" title="Click to know more about UNITARY">UNITARY</a> elastic supply. When `%` change in quantity supplied is equal to `%` change in price.</body></html>

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