No products in the cart.

The ratio of elasticity of supply …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

The ratio of elasticity of supply of a commodity A and B is is 1:1.5 . 20 percentage Fall in the price of A results in a 40 percentage fall in its supply . Calculate percentage increase supply of B if its price Rises from rupees 10 per unit to rupees 11 per unit ( ans. 30% )
  • 1 answers

Sia ? 5 years, 8 months ago

Price elasticity of supply (PES) measures the responsiveness of quantity supplied to a change in price. It is necessary for a firm to know how quickly, and effectively, it can respond to changing market conditions, especially to price changes.

ESAESB=11.5...(i)
ESA =% Change in Qs of A% Change in Price of A
ESA=4020= 2 Put in eq. (i)
2ESB=11.5
2×1.5 = ESB
3.0 = ESB
ESB=% Change in Qs of B% Change in Price of B
% Change in QSof B=(1110)10×100 = 10%
3=% Change in Qs of B% Change in Price of B
3=% Change in Qs of B10
30 = % Change in QS of B.

http://mycbseguide.com/examin8/

Related Questions

Featured of ur
  • 1 answers
Features of ur
  • 0 answers
Different between primary and secondary data
  • 1 answers
Notes
  • 0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App