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A produce recevied ₹ 6,000 when the pr...

A produce recevied ₹ 6,000 when the price of a commodity was ₹60 per units . The receipts increased to ₹8,400 when price increased by ₹10. Caluclate the elasticy of supply?

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Percentage change in Supply `(E_(s)) = (Delta Q)/(DeltaP) xx (P)/(Q) = (20)/(10) xx (60)/(100) = 1.2`
`E_(s) = 1.2` (Supply is highly elastic as `E_(s) gt 1` )
`E_(s)` is always positive due to direct relationship between price and quantity supplied.
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SANDEEP GARG-SUPPLY -UNSOLVED PARCTICALS
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  11. The price of a commodity rises from 10 per unit to 15 per unit, as a r...

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  14. At a price of 10 per unit, the supply of a product is 500 units. When ...

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  15. At a price of 40 per unit, the quantity supplied of a commodity is 400...

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