6.
If a dealer is prepared to supply 1000 sets of a 29' Colour TV if the price is Rs.12,000 per set,
however if the price raises to Rs. 15,000 he is prepared to supply 1,500 pieces. The elasticity
of supply of TV set is:
(a) 1
(b) 2
(c) 0.75
(d) 1.4
7) The Supply function of a product is as Sz = 5px +3. Where P, stand for price. The
quantity supplied corresponding to price of Rs. 2 will be....
(a) 18
(b) 13
(c) 15
(d) 23
8) If the price of coffee falls by 8% and the demand for tea declines by 2%. The cross price
elasticity of demand for tea is
(a) 0.45
(b) 0.25 (c) + 0.44
(d) - 0.30
LD
9)Cross elasticity of complemenatry products will be
(a) Infinite
(b) Zero (c) > 1
(d)< 0
10) Market equilibrium of a commodity is determined by:
(a) Balancing of demand and supply position
(c) Aggregate supply
(b) Aggregate demand
(d) Government intervention
Answers
Answered by
3
Answer:
6.
1.4
7.
23
8.
0.25
9.
(I dont know)
Pls mark as Brainliest :)
Answered by
5
Step-by-step explanation:
A-1.4
B-23
C-0.25
And sorry bro aapka answer sahi tha fir bhi brainlist nhi diya maina .....☹☹
Similar questions