Economy, asked by MitaSinha1761, 6 months ago

If the price of a commodity rises from RS 15 per kg to 18 kg, its quantity supplied expands from 100kg to 150 kg. What is the elasticity of supply of the commodity?

Answers

Answered by rodoshiaudri

0

Answer:

2.5

Explanation:

Pes= Price elasticity of supply

Qs= Quantity supplied

P= Price of commodity

Pes= percentage change in Qs / percentage change in P

= (+50/100)/(+3/15)

= +2.5

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