When market price of seller is willin...

When market price of seller is willing to sell 50 units of the commodity .As the price rises to ₹4 per unit, a seller is willing to sell 50 units, of the commodity .As the price rises to ₹5 per units, he is willing to sell 60 units. Calucate the seller's elasticity of supply

Text Solution

Verified by Experts

The correct Answer is:

`E_(s) = 0.8`

Topper's Solved these Questions

SUPPLY
SANDEEP GARG|Exercise LONG ANSWER TYPE QUESTIONS|10 Videos
REVENUE
SANDEEP GARG|Exercise UNSOLVED PRACTICALS|21 Videos

Similar Questions

Explore conceptually related problems

If market price of a commodity is Rs.5/unit, a seller is willing to sell 600 units of the commodity. When the price rises to Rs.6/unit he is willing to sell 800 units of the commodity. Calculate price elasticity of supply.

Total revenue is ₹400 when the price of the commodity is ₹2 per unit. When price rises to ₹3 per unit, the quantity supplied is 300 units. Calculate the price elasticity of supply.

When price of commodity is Rs.4/unit, a producer supplies 8 units/day. If price rises to Rs.5/unit, he is willing to supply 10 units/day. Calculate price elasticity of supply.

The price of a commodity is ₹12 per unit and its quantity supplied is 500 units. When its price rises to ₹15 per units, its quantity supplied rises to 650 units. Calculate is price elasticity of supply. Is supply elastic?

The price of a commodity rises from 10 per unit to 15 per unit, as a result of increases by 30%. Calculate the elasticity of supply.

When price of a good is Rs. 13 per units , the consumer buys 11 units of that good . When price rises to Rs. 15 per unit , the consumer continues to buy 11 units . Calculate price elasticity of demand.

Total revenue is Rs.400 when price of a commodity is Rs.2 per unit. When its price rises to Rs.3 per unit, the quantity supplied is 300 units. Calculate price elasticity of supply.

When price of a good is ₹ 13 per unit the consumer buys 11 units of that good, when price rises to ₹ 15 per unit, the consumer continues to buy 11 units. Calculate price elasticity of demand.

SANDEEP GARG-SUPPLY -UNSOLVED PARCTICALS

When the market price of cheese rises from ₹20 per kg to ₹21 per ...
Text Solution
|
Price of a commodity increases by ₹4 per unit and due to this ,its ...
Text Solution
|
When market price of seller is willing to sell 50 units of the c...
Text Solution
|
Calculate the elasticity of supply, when price rises from ₹2 per unit...
Text Solution
|
As a result of 20% rise in the price of a commodity, its supply increa...
Text Solution
|
When price of a commodity falls by 10%, its supply decreases from 80 u...
Text Solution
|
Quantity supplied of a commodity increases by 25% when its price rises...
Text Solution
|
The price of a commodity rises from 10 per unit to 15 per unit, as a r...
Text Solution
|
At a price of 10 per unit, the quantity supplied of a commodity is 400...
Text Solution
|
At a price of 6 per unit, the quantity supplied of a commodity is 200 ...
Text Solution
|
At a price of 10 per unit, the supply of a product is 500 units. When ...
Text Solution
|
At a price of 40 per unit, the quantity supplied of a commodity is 400...
Text Solution
|
The price elasticity of supply of commodity X is .^(1//2) of price ...
Text Solution
|
The coefficient of elasticity of supply of a commodity is 3. A sel...
Text Solution
|
The coefficient of elasticity of supply of commodity X is 2. What quan...
Text Solution
|
The coefficient of elastic ity of supply of a commodity is 2. At ₹14 p...
Text Solution
|
Price elasticity of supply for a product is'Unity'. A firm supplie...
Text Solution
|
The elasticity of supply of a commodity is 3. An increase in its price...
Text Solution
|
The coefficient of elasticity of supply of a commodity is 1. Its suppl...
Text Solution
|
The supply curve of commodity 'A' is a straight line parallel to Y-axi...
Text Solution
|