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Solution - Concept of Supply

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Elasticity of supply

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When price of a good rises from Rs 10 to Rs 12 per unit the producer supplies 10 percent more. Calculate price elasticity of supply.

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When price of a good raises from Rs 12 per unit to Rs 15 per unit the producer supplies 50 per cent more output. What is the price elasticity of supply? Calculate.

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Price elasticity of supply of a good is 2. A producer supplies 100 units of a good at a price of Rs 20 per unit. At what price will he supply 80 units?

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Relatively elastic supply

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There are no exceptions to the law of supply.

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Solution for concept: Concept of Supply. For the courses 12th HSC Arts, 12th HSC Commerce, 12th HSC Commerce (Marketing and Salesmanship), 12th HSC Science (Computer Science), 12th HSC Science (Electronics), 12th HSC Science (General)
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