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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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Total revenue is Rs.400 when price of a commodity is Rs.2 per unit. When its price rises to Rs.3 per unit, the quantity supplied is 300 units. Calculate price elasticity of supply.

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