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When price of commodity is Rs.4/unit, a ...

When price of commodity is Rs.4/unit, a producer supplies 8 units/day. If price rises to Rs.5/unit, he is willing to supply 10 units/day. Calculate price elasticity of supply.

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`{:(" P 4"),(" P"_(1)" 5,"),(ulbar(DeltaP" 1")):}" "{:("Q 8"),(Q_(1)" 10"),(ulbar(DeltaQ" 2")):}" "P.e_(S)=(P)/(Q)xx(DeltaQ)/(DeltaP)=(4)/(8)xx(2)/(1)=1`
Ans. `P.e_(S)=1`
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