The price elasticity of supply of commodity X is `.^(1//2)` of price elasticity of supply of commodity Y. When price of X falls by 50%, its supply falls by 20 units. Caculate price elasticity of supply of commodity X and Y if 100 units of X were supplied at price of ₹4 per unit.

Answer

Price Elasticity of supplyX = 0.4: Price Elasticity of Supply of Y = 0.8