हिंदी

Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?

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प्रश्न

Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?

संख्यात्मक
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उत्तर

Elasticity of Supply (Es) = `("Percentage change in quantity supplied")/("Percentage change in price")`

Percentage change in price = 2%

Percentage change in quantity supplied = 4%

Es = `(4%)/(2%)`

= 2

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Elasticity of Supply
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अध्याय 3: Theory of Supply - QUESTIONS [पृष्ठ ७३]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 3 Theory of Supply
QUESTIONS | Q 19. | पृष्ठ ७३

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