Q. 115.0( 1 Vote )

When the price of

Answer :

● The price elasticity of supply (Es) is Percentage change in the quantity supplied/Percentage change in price.


● -75 / -3/12X100


● -75X12/ -3 X 100


● -900/-300


● 3.


● The price elasticity of supply is 3.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

When priceof a goEconomics - Board Papers

When the price ofEconomics - Board Papers

Examine the effecEconomics - Board Papers

FEconomics - Board Papers

When the price ofEconomics - Board Papers