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The price of a commodity rises by 20%, w...

The price of a commodity rises by 20%, which leads to an increase in supply by 20 units. If price elasticity is 2, calculate initial and final supply of the commodity.

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The correct Answer is:
Initial Supply = 50 units; Final Supply = 70 units
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SANDEEP GARG-SUPPLY -UNSOLVED PARCTICALS
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  2. The price of Dairy Milk chocolate rises by 20% and that of Nestle Arnu...

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

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

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

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

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  7. The receipts of a firm are ₹6,000 when the price of a good is ₹1...

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  8. Total revenue is ₹400 when the price of the commodity is ₹2 per uni...

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  9. The total recipets of a frim gets doubled due to a 20% rise in pri...

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  10. The price of a commodity is 10 per unit and total revenue from it is 1...

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  11. When the price of a commodity rises by 10 percent, its supply rises by...

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  12. When the price of a commodity falls from 10 per unit to 9 per unit, to...

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  13. A firm sells 1,000 units of a product at price of ₹10 per unit. Its pr...

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  14. When the price of a commodity rises from ₹10 to ₹11 per unit, its quan...

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  15. A firm supplies 500 units of a good at a price of ₹5 per unit. The pri...

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  16. A producer supplies ₹200 units of a good at ₹10 per unit. Price elasti...

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  17. When the price of a good rises from ₹20 per unit to ₹30 per unit, the ...

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  18. A firm's revenue rises from ₹400 to ₹500 when the price of its produc...

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  19. The price elasticity of supply of a good is 0.8. Its prices riese b...

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  20. A firm supplies 10 units of a good at a price of ₹5 per unit. Per...

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