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Price eslasticity of supply of a …

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Price eslasticity of supply of a commodity is 1.5 10 percent increase in price, raises it's supply by 30 units. Calclute it's supply at the original price.

    • Posted by Suraj Kumar 6 years, 9 months ago

    CBSE > Class 12 > अर्थशास्त्र
    • 1 answers

    Teena Obroi 6 years, 9 months ago

    p. e. s= change in quantity supply /change in price 1.5= change in quantity supply /10 %change in quantity supply = 15 %change in quantity supply = change in quantity /quantity *100 1.5 =30/q*100 1.5= 3000/q 1.5q= 3000 Q. S=30000/15 Qs=2000

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