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The price of a commodity rises from ₹ 20 to ₹ 40 Consequently, its supply increases from 100 units to 400 units. Calculate price elasticity of supply. - Economic Applications

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प्रश्न

The price of a commodity rises from ₹ 20 to ₹ 40 Consequently, its supply increases from 100 units to 400 units. Calculate price elasticity of supply.

संख्यात्मक

उत्तर

Es = `(ΔQ)/(ΔP)xxP/Q`

= `300/20xx20/100`

= 3

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Elasticity of Supply
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अध्याय 3: Theory of Supply - QUESTIONS [पृष्ठ ७३]

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गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 3 Theory of Supply
QUESTIONS | Q 24. | पृष्ठ ७३
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