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The price of a commodity is ₹12 per un...

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?

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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 ?

The price of a commodity is ₹10 per unit and its quantity supplied is 500 units. If its price falls by 10 per cent and quanity supplied falls to 400 units, Calculate its price elasticity of supply.

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