Find the elasticity of supply if the price changes from 15 to 12 and supply changes from 6 to 5 units *
0.77
0.87
0.833
0.58
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Explanation:
What is the elasticity of supply, when price changes from Rs. 15 to Rs. 12 and supply change from 6 units to 5 units?
a)0.77
b)0.87
c)0.833
d)0.58
Correct answer is option 'C'. Can you explain this answer?
Related Test: Test: Theory Of Supply
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