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If quantity supplied increases by 60 % d...

If quantity supplied increases by 60 % due to a 50% increase in price, then elasticity of Supply is:

A

`(-1) 1.2`

B

`(+) 1.2`

C

`(-)0.83 `

D

`(+) 0.83`

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The correct Answer is:
B
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SANDEEP GARG-SUPPLY -MULTIPLE CHOICE QUESTIONS (MCQs)
  1. Which of the following statement is not vaild with repect to 'Law ...

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  2. Supply is said to be unitary elastic, when :

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  3. Due to installation of machine with lastest technology, the cost of ...

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  4. The market supply of a commodity is affected by:

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  5. In case of less elastic supply, supply curve:

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  6. "Increase in Supply" of a product is caused by:

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  7. The supply curve of a given commodity is given to be S(0). On the basi...

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  8. The supply curve of a given commodity is given to be S(0). On the basi...

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  9. The supply curve of a given commodity is given to be S(0). On the basi...

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  10. If quantity supplied increases by 60 % due to a 50% increase in price,...

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  11. The supply function of a product X is given as: Sx 6Px+3, where Px sta...

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  12. The supply function of a product X is given as: Sx 6Px+3, where Px sta...

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  13. The supply function of a product X is given as: Sx 6Px +3, where Px st...

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  14. which of the following diagram correctly depicts the situation of ...

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  15. Expansion in Supply is shown in :

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  16. The given diagram is a case of …………….. Supply

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  17. The following supply curves shits from SS to S(1)S(1) due to:

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  18. Degradation o technology will have the following effect on the su...

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  19. Which of the following measure of prices elasticity shows elastic ...

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  20. Which of the following does not casue shift so supply curves of a goo...

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