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प्रश्न
Total revenue is Rs 400 when the price of the commodity is Rs 2 per unit. When price rises to Rs 3 per unit, the quantity supplied is 300 units. Calculate the price elasticity of supply.
उत्तर
|
Price (P) |
Total Revenue (TR) |
Quantity Supplied (QS) |
|
2 |
400 |
200 |
|
3 |
- |
300 |
`ΔQ_s=300-200=100`
`ΔP=3-2=1`
E_s=`(ΔQ)/(ΔP)xxp/q=100/1xx2/200`
`∴E_s=1`
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