Question

Q.12 The elasticity of supply of a commodity is 3. An increase in its price from 20 to 21 per unit results in
a rise in its quantity supplied by 150 units. Calculate its quantity supplied at the increased price.
[Foreign 2006]
TAns 1150 units​

Answer 1

Answer:

an increase in its price from 20 per unit to 21 per unit results in a rise in its quantity supplied by 150 units .