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Elasticity Of Supply
Lesson 12 of 13 • 1048 upvotes • 10:14mins
Ayussh Sanghi
This lesson provides a comprehensive understanding of the elasticity of supply. The direct relationship between the price & the quantity supplied has been thrown light upon. It begins by providing the definition of the concept of elasticity of supply and moves ahead with the description of the formula used for calculating the elasticity of supply. It furthers the idea of supply as being elastic or inelastic in sync with the percentage changes in price & quantity in the formula. The lesson then educates us with the factors that affect the elasticity of supply with efficient explanation through a case study of OPEC & various other examples.
Economy of UPSC CSE (IAS): Indian Economy
13 lessons • 2h 9m
1
Definition Of Economics (for UPSC CSE)
9:22mins
2
Economics As A Discipline (for UPSC CSE)
9:18mins
3
Understanding Of Economic Policy Of Government (for UPSC CSE)
9:32mins
4
An Insight Into Demand As A Market Force (for UPSC CSE)
9:39mins
5
Understanding The Concept Of Demand (for UPSC CSE)
10:30mins
6
Understanding The Concept Of Demand Part 2 (for UPSC CSE)
10:31mins
7
Understanding The Concept Of Supply (for UPSC CSE)
9:53mins
8
Variables Affecting The Supply Curve (for UPSC CSE)
9:29mins
9
Exceptions To The Law Of Supply (for UPSC CSE)
10:30mins
10
Understand The Concept Of The Point Of Equilibrium (for UPSC CSE)
9:49mins
11
Understanding The Concept Of Elasticity Of Demand (for UPSC CSE)
10:11mins
12
Elasticity Of Supply
10:14mins
13
Types Of Markets (for UPSC CSE)
10:31mins
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