{E= 15
1,200 to 918. Calculate its elasticity of supply.
37. A firm sells 1,000 units of a product at price of 10 per unit. Its price elasticity of supply is 3. How many
units will the firm be able to sell if price falls to 3 7.50 per unit?
38. When the price of a commodity rises from 10 to 3 11 per unit, its quantity supplied by 100 units. Its
tity supplied at the increased price.
(250 units)
ice elas
upply is 2
late its
(600 units)
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