Economy, asked by paprejadeepak868, 4 days ago

2. As a result of 15 per cent rise in the price of a commodity, its supply increases from 25 units to 30
units. Calculate elasticity of supply
ans= 1.33

Answers

Answered by altkriz

2

Answer:

1.3333333333

Explanation:

price elasticity of supply

= % change in quantity supplied / % change in price

20/15 = 1.3333333333

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