Home
Class 11
ECONOMICS
If price of a commodity falls from Rs.50...

If price of a commodity falls from Rs.50/unit, supply also falls from 400 units to 200 units. Calculate price elasticity of supply.

Text Solution

Verified by Experts

`{:(" P 50"),(" P"_(1)" 48,"),(ulbar(DeltaP" -2 ")):}" "{:("Q 400"),(Q_(1)" 200"),(ulbar(DeltaQ" -200")):}" "P.e_(S)=(P)/(Q)xx(DeltaQ)/(DeltaP)=(50)/(400)xx(-200)/(-2)=12.5`
Ans. `P.e_(S)=12.5`
Promotional Banner

Topper's Solved these Questions

  • THEORY OF SUPPLY : LAW OF SUPPLY AND ELASTICITY OF SUPPLY

    RADHA BHUGANA|Exercise PRACTICAL APPLICATIONS|8 Videos

  • THEORY OF SUPPLY : LAW OF SUPPLY AND ELASTICITY OF SUPPLY

    RADHA BHUGANA|Exercise MCQ|12 Videos

  • THEORY OF DEMAND

    RADHA BHUGANA|Exercise UNSOLVED NUMERICALS|7 Videos

Similar Questions

Explore conceptually related problems

If price of a commodity falls from Rs.60/unit to Rs.58/unit, its supply falls from 400 units to 300 units. Find out elasticity of supply.

If price of a commodity falls from Rs.60 to Rs.58 per unit, its supply falls from 300 to 200 units. Find out its elasticity of supply.

If price of a commodity falls from ₹ 60 and ₹58 per units , its supply falls from 400 units to 300 units . Find out its elasticity of supply.

Due to decrease in price form Rs. 15/unit to Rs.10/unit, supply of a commodity falls from 100 units to 50 units. Find price elasticity of supply.

When price of a good falls from ₹20 to ₹10per unit, producer reducer supply from 100 units to 50 units .Calculate price elasticity of supply.

When the price of a commodity falls from Rs.10 to Rs.9 per unit, its quantity falls by 30% . Calculate price elasticity of supply.

Price of a commodity fall from ₹ 20 to ₹ 15 per unit. Its demand rises from 600 units to 750 units. Calculate its price elasticity of demand.