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At a price of 10 per unit, the supply of...

At a price of 10 per unit, the supply of a product is 500 units. When its price fall by 20 per second supply is 350 units. Calculate its price elasticity of supply. Is its supply elastic?

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The correct Answer is:
Elasticity of Supply = 1.5; Yes , Supply is not elastic as `E_(s)gt 1`
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SANDEEP GARG-SUPPLY -UNSOLVED PARCTICALS
  1. At a price of 10 per unit, the quantity supplied of a commodity is 400...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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  18. If ratio of change in quantity (AQ) to original quantity (Q) is 0.4 an...

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  19. The price elasticity of supply of commod ity Y is half the price elast...

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  20. A frim received ₹2000 when price of the commodity was ₹40 per un...

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