Home
Class 11
ECONOMICS
The price of a commodity rises from 10 p...

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.

Text Solution

Verified by Experts

The correct Answer is:
`E_(s) = 0.6`
Promotional Banner

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

When the price of a commodity falls from Rs.10 to Rs.9 per unit, its quantity falls by 30% . Calculate price elasticity of supply.

Price of a good rises from Rs.10 to Rs.12 per unit, its supply riese by 40% . Calculate price elasticity of supply.

At a price of 6 per unit, the quantity supplied of a commodity is 200 units. If per unit, the quantity supplied rises by 20%. Calculate the price elasticity of supply.

When the price of a commodity rises from ₹10 to ₹11 per unit, its quantity supplied by 100 units. price elasticity of supply is 2.Calculate its quantity supplied at the increased price.

When the price of a commodity falls from 10 per unit to 9 per unit, total revenue from it falls from 1,200 to 918. Calculate its elasticity of supply?

Price elasticity of supply for a commodity is 5. When price of the commodity rises from ₹9 per unit to ₹10 per unit,supply rises by 25 units .Calculate quantity supplied at ₹9+ per unit.

SANDEEP GARG-SUPPLY -UNSOLVED PARCTICALS
  1. When price of a commodity falls by 10%, its supply decreases from 80 u...

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

  14. The coefficient of elasticity of supply of a commodity is 1. Its suppl...

    Text Solution

    |

  15. The supply curve of commodity 'A' is a straight line parallel to Y-axi...

    Text Solution

    |

  16. The price elasticity of supply of a gaod is 2. If the percentage chang...

    Text Solution

    |

  17. The price elasticity of supply of a commodity is 0.5. The percentage c...

    Text Solution

    |

  18. The price elasticity of supply of commodity X is twice the price elast...

    Text Solution

    |

  19. The price of Dairy Milk chocolate rises by 20% and that of Nestle Arnu...

    Text Solution

    |

  20. The price of a commodity rises by 20%, which leads to an increase in s...

    Text Solution

    |