The price of a commodity is 10 per unit and total revenue from it is 1,000. Its price elasticity of supply is 0.8. Its price falls by 10 percent. Calculate the total revenue at the reduced price.

Calculate price and Total revenue :

The price elasticity of supply of a good is 0.8. Its prices riese by 50 percent .Caluclate the precentage increase in its supply.

At a price of ₹8 per unit, the qunatity supplied of a commodity is 200. Its price elasticity of supply is 1.5. If its pricce rises to ₹10 per unit, calculate its quantity supplied at the new price.

When price of a commodity falls by 10%, its supply decreases from 80 units to 60 units. elasticity of supply.

The price elasticity of demand of a commodity is -0.5 . At a price of ₹ 20 per unit, total expenditure on it is ₹ 2,000. its price is reduced by 10 per cent. Calculate its demand at the reduced rate.

The price of commodity is ₹ 20 per unit and total expenditure on it ₹ 1,000. when its price falls to ₹ 18 per unit, total expenditure increases by 8 per cent. Calculate its price elasticity of demand by percentage in its demand.