Question

Economics Question -

The market price of a good changes from ₹5 to ₹20.As a result, the quantity supplied by a firm increases by 15 units. The price elasticity of the firm's supply curve is 0.5.Find the initial and final levels of the firm.
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Answer 1

Explanation:

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★ What is Rational Numbers ??

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In mathematics, a rational number is a number such as -3/7 that can be expressed as the quotient or fraction p/q of two integers, a numerator p and a non-zero denominator q. Every integer is a rational number: for example, 5 = 5/1.

Answer 2

Answer:

The Market Price of a Good Changes From Rs 5 To Rs 20. as a Result, the Quantity Supplied by a Firm Increases by 15 Units. Concept: Price Elasticity of Supply.

Explanation:

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