Advertisements
Advertisements
प्रश्न
A producer supplies 80 units of a good at a price of Rs 10 per unit. Price elasticity of supply is 4. How much will he supply at Rs 9 per unit?
उत्तर
Given that
Q0 = 80 units
P0 = Rs 10
Es = 4
P1 = Rs 9
ΔP = P1 - P0
ΔP = 9 - 10 = -1
ΔQ = Q1 - Q0
ΔQ = Q1 - 80
we know that
`E_s=(DeltaQ)/(DeltaP)xxP_0/Q_0`
`4=(Q_1-80)/-1xx10/80`
`4=(Q_1-80)/-8`
-32 = Q1 - 80
Therefore, Q1 = 48 units
48 units of a good will be supplied by a producer at Rs 9 per unit.
APPEARS IN
संबंधित प्रश्न
Individual supply and Market supply.
When price falls by Rs 2 per unit, supply falls from 100 units to 80 units. Price elasticity of supply is 2. What was the price per unit before change?Calculate.
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
Price elasticity of supply of a good is 2. A producer supplies 100 units of a good at a price of Rs 20 per unit. At what price will he supply 80 units?
Supply is directly related to price.
Explain, with reason, whether you Agree or Disagree with the following statement
There is no difference between stock and supply.
State the components of supply of money.
State whether the following statement is true or false :
Under perfect competition price is determined by equilibrium of demand and supply.
Give reason or explain the following statement:
A monopolist can control the supply of goods .
Give reason or explain the following.
Supply is directly related to price.
Define or explain the following concepts (Any THREE):
Stock
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.
Geometric Method is also known as Point Method.
Define or explain the following concept:
Output
Give reason or explain:
When price rises, supply expands.
Answer the following about 200 to 250 words
Explain various methods to measure Price Elasticity of Supply.
Choose the correct alternative from given options:
The coefficient of price elasticity of supply of a good is 3. It is known as ___________.
Identify & explain the concept from the given illustration.
Amar sells 50 dozens of mangoes daily at ₹ 300/- per dozen.
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)
