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A frims earns a revenue of ₹ 50 when ...

A frims earns a revenue of ₹ 50 when the market price of a good is ₹10. The market price increases to ₹15 and the firm now earns a revenue of ₹150. What is the price elastiy of the firms's supply curve ?

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Price Elasticity of Supply `(E_(s)) =(DeltaQ)/(Delta P) xx (P)/(Q) = (5)/(5) xx (10)/(5) =2`
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