Advertisements
Advertisements
प्रश्न
A producer supplies 100 units of a good at a price of Rs 20 per unit. Price elasticity of supply is 2. At what price will he supply 50 units? Calculate
उत्तर
Given that
Q0 = 100 units
P0 = Rs 20
P1 =Rs 10
Q1 = 50 units
As we know that
`E_s=(DeltaQ)/(DeltaP)xxP_0/Q_0`
ΔP = P1-P0
ΔP =P1-20
ΔQ=Q1-Q0
ΔQ= 50 - 100= - 50 units
`2=(-50)/(P_1-20)xx20/100`
P1=Rs 15
Therefore,at aprice of Rs15, the Producer will supply 50 units.
APPEARS IN
संबंधित प्रश्न
Elasticity of supply
When price of a commodity falls from Rs 12 per unit to Rs 9 per unit, the producer supplies 75 percent less output. Calculate price elasticity of supply.
When price of a good rises from Rs 10 to Rs 12 per unit the producer supplies 10 percent more. Calculate price elasticity of supply.
When price of a good rises from Rs 8 per unit to Rs 10 per unit, producer supplies 40 units more. Price elasticity of supply is 2. What is the quantity supplied before the price change? Calculate
When price of a good falls from Rs 20 to Rs 10 per unit, producer reduces supply from 100 units to 50 units. Calculate price elasticity of supply.
Explain, with reason, whether you Agree or Disagree with the following statement
There is no difference between stock and supply.
A firm supplies 10 units of a good at a price of Rs 5 per unit. Price elasticity of supply is 1.25. What quantity will the firm supply at a price of Rs 7 per unit?
Give reason or explain the following statement:
A monopolist can control the supply of goods .
Fill in the blank with appropriate alternative given below
The vertical supply curve represents _____________ elasticity.
Fill in the blank with appropriate alternative given below
An increase in supply means selling a ____________ amount at the same price.
State whether the following statement is TRUE and FALSE.
If price falls, the supply curve will shift to left.
Define or explain the following concept:
Stock
Define or explain the following concept:
Output
Define or explain the following concept:
Elasticity of Supply
Give reason or explain:
Stock can exceed supply.
Do you agree or disagree with the following statement? Give reason.
Price is the only determinant of supply.
Observe the following table and answer the questions:
Supply schedule of chocolates
| Price in ₹ | Quantity supplied in units |
| 10 | 200 |
| 15 | ______ |
| 20 | 300 |
| 25 | 350 |
| 30 | ______ |
| 35 | ______ |
| 40 | ______ |
- Complete the above supply schedule.
- Draw a diagram for the above supply schedule.
- State the relationship between price and quantity supplied.
Explain any four exceptions to the law of supply
Study the following table, figure, passage and answer the question given below it.
| Price in Rs. | Quantity supplied |
| 10 | 300 |
| 20 | ______ |
| 30 | 400 |
| 40 | 450 |
| 50 | ______ |
| 60 | 550 |
| 70 | 600 |
- Complete the above table (1m)
- State the relationship between Price and quantity supplied (1m)
- Draw supply curve based on above supply schedule (2m)
