Question

a seller is willing to supply 50kgs of mangoes at rs 100 per kg. if the price of mangoes fall by 10 percent how much will be the change in quantity supplied if price elasticity of supply in this case is 0.8 full numericals​

Answer 1

SORRY I DON'T KNOW THE ANSWER ....

Answer 2

Explanation:

Formula of the price elasticity of demand={percentage change in quantity demand / percentage change in price}

Therefore percentage change in quality demand=(x/50)*100

Therefore percentage change in quality demand=(x/50)*100

and percentage change in price=(10/100)*100

Therefore price elasticity of demand=0.8=[{(x/50)*100}/{(10/100)*100}]or (x/50)*10=.8 or,x=4

Therefore price fall by 10 rs /kg , leads to increase the quantity demand 4kg