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The theory of the firm under perfect competition — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsThe theory of the firm under perfect competition1 Mark
MCQ
Relationship between slope and elasticity of supply is:
  • A
    $\text{Es}=\frac{1}{\text{Slope}}.\frac{\text{P}}{\text{Q}}$
  • ✓
    $\text{Es}={\text{Slope}}.\frac{\text{Q}}{\text{P}}$
  • C
    $\text{Es}=\frac{1}{\text{Slope}}.\frac{\text{Q}}{\text{P}}$
  • D
    $\text{Es}={\text{Slope}}$
✓

Answer

Correct option: B.
$\text{Es}={\text{Slope}}.\frac{\text{Q}}{\text{P}}$

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