Question

If price of sugar rises from rupees 16 per kg to 18 per kg the quantity supplied expands from 100 kg to 150 kg . What is elasticity of supply of sugar ? *

Answer 1

Explanation:

If price of sugar rises from rupees 16 per kg to 18 per kg the quantity supplied expands from 100 kg to 150 kg .

Answer 2

Answer:

= ((120-100)/(120/100)×((5-4)/(5+4)) = 0.80