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The supply for a good is 50 units at ...

The supply for a good is 50 units at the prices of ₹10. When price rises by ₹5, suppky also rise be 50 units . Calulate price elasity of supply.

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Price Elasticity of Supply `(E_(s)) = (DeltaQ)/(DeltaP) xx (P)/(Q) = (50)/(5) xx (10)/(50)= 2`
`E_(s) = 2` ( Supply is highly elastic as `E_(s) gt 1`)
`E_(s)` is always positive due to direct relationship price and quantity supplied
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