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When the market price of cheese rises...

When the market price of cheese rises from ₹20 per kg to ₹21 per kg, a producer expands his supply from 3,000 kg to 3,500 kg Calculate his price elasticity of supply.

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The correct Answer is:
`E_(s) = 3.33`
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SANDEEP GARG-SUPPLY -UNSOLVED PARCTICALS
  1. There are 3 firms A, B and C in the market. Their individual supply sc...

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  2. There are three firms X,Y and Z in the market . The supply schedule ...

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  3. When the market price of cheese rises from ₹20 per kg to ₹21 per ...

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  4. Price of a commodity increases by ₹4 per unit and due to this ,its ...

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  5. When market price of seller is willing to sell 50 units of the c...

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  6. Calculate the elasticity of supply, when price rises from ₹2 per unit...

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  7. As a result of 20% rise in the price of a commodity, its supply increa...

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  8. When price of a commodity falls by 10%, its supply decreases from 80 u...

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  9. Quantity supplied of a commodity increases by 25% when its price rises...

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  10. The price of a commodity rises from 10 per unit to 15 per unit, as a r...

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  11. At a price of 10 per unit, the quantity supplied of a commodity is 400...

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  12. At a price of 6 per unit, the quantity supplied of a commodity is 200 ...

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

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

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  15. The price elasticity of supply of commodity X is .^(1//2) of price ...

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  16. The coefficient of elasticity of supply of a commodity is 3. A sel...

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  17. The coefficient of elasticity of supply of commodity X is 2. What quan...

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  18. The coefficient of elastic ity of supply of a commodity is 2. At ₹14 p...

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  19. Price elasticity of supply for a product is'Unity'. A firm supplie...

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  20. The elasticity of supply of a commodity is 3. An increase in its price...

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