When price of a good rises from Rs.8 per unit to Rs.10 per unit, producer supplies 40 units more.

Question 1

When price of a good rises from Rs.8 per unit to Rs.10 per unit, producer supplies 40 units more. Price Elasticity of Supply is 2. What is the quantity supplied before the price change? Calculate.

Question 2

Detailed Answer:

The Quantity Supplied before the price change was 80units.

kratos · Answer 1 · 2020-08-18T09:27:56+0000

Detailed Answer:

The Quantity Supplied before the price change was 80units.

When price of a good rises from Rs.8 per unit to Rs.10 per unit, producer supplies 40 units more.

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1 Answer

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When price of a good rises from Rs.8 per unit to Rs.10 per unit, producer supplies 40 units more.

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1 Answer

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