The price elasticity of supply is …

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The price elasticity of supply is 2.5. At a price of 5rs.per unit ,the quantity supplied is 300 units .calculate quantity supplied at a price of 4Rs per unit.
Posted by Harshit Agarwal 4 years, 11 months ago
- 2 answers
Mad Hunting Gamer 4 years, 11 months ago
Elasticity of supply= 2.5
Original quantity= 5
Change in price = -1 ( because the price is decreasing from 5 to 4)
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Mad Hunting Gamer 4 years, 11 months ago
2Thank You