Home
Class 11
ECONOMICS
At a price of ₹10 per units the supply ...

At a price of ₹10 per units the supply of good is 80 units. When its price rises to ₹12 per units, its supply rises by 20 precent.Calculate its price elasticity of supply.

Text Solution

Verified by Experts

The correct Answer is:
Price Elasticity of Supply `(E_(s)) = 2`
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

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?

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?

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 10 per unit, the quantity supplied of a commodity is 400 units. If its per unit and the quantity supplied rises by 10 per cent, calculate its price elasticity.

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.

At Rs.12/unit, quantity supplied of a commodity is 500 units. When its price riese to Rs.15/unit, its quantity supplied rises to 650 units. Calculate price elasticity of supply. Is supply elastic ?

SANDEEP GARG-SUPPLY -UNSOLVED PARCTICALS
  1. When the price of a commodity falls from 10 per unit to 9 per unit, to...

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

  10. The price elasticity of supply of a commodinty is 2.0 A firm suppl...

    Text Solution

    |

  11. A 15 per cent rise in the prices of a commodity is 5. When pri...

    Text Solution

    |

  12. Price elasticity of supply for a commodity is 5. When price of the...

    Text Solution

    |

  13. At a price of ₹10 per units the supply of good is 80 units. When its...

    Text Solution

    |

  14. 10 percent increase in the price of good raises its supply from ...

    Text Solution

    |

  15. Supply of a good rises form 200 units to 240 units as a result of 2...

    Text Solution

    |

  16. When price of a commodity rises from ₹5 to ₹6 per unit, total reve...

    Text Solution

    |

  17. From the following data calculate price elasticity of supply.

    Text Solution

    |

  18. A producer supplies 80 units of a goog at a price of ₹10 per unit. P...

    Text Solution

    |

  19. When price of a commodity falls from ₹12 per units to ₹9 per unit, ...

    Text Solution

    |

  20. When price of a good falls from ₹20 to ₹10per unit, producer redu...

    Text Solution

    |