December 2014

1: A company supplies 20 units of a particular product per month, at a price of Rs. 10 per unit. If price elasticity of supply is 5, how many units would the company supply at a price of Rs.15?
A.

50

B.

70

C.

40

D.

5

 

Answer : B

Explanation :

Rhythm said: (12:59pm on Friday 13th February 2015)
whats the formula to calculate price elasticity of supply??
archana said: (8:29pm on Friday 1st May 2015)
kindly explain the answer in detail with calculation.
Asha S said: (3:53pm on Tuesday 5th July 2016)
e=Change in qnty/change in price*PRice/Qnty5=x-20/5*10/20
jagannath said: (12:35am on Saturday 2nd September 2017)
5=Q2-20/15-10 *10/205=Q2-20/10Q2=70

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Option: A

Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here.