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प्रश्न
The price elasticity of supply of a good is 0.8. Its price rises by 50 percent. Calculate the percentage increase in its supply.
उत्तर
`e_s=0.8`
`ΔP = 50%`
`ΔQ=?`
`e_s="Percenatge Change in Quantity Supplied"/"Percenatge Changein Price"`
`or, 0.8=(ΔQ)/50`
`or, ΔQ=40`
Percenatge Change in Quantity Supplied is 40%
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