Question

Q8. Elaborate the following factors affecting the supply.

a) Technology used by the producer

b) Own price of the commodity

And

Q11. A consumer buys 80 units of a good at a price of Rs. 4 per unit.

When the price falls, he buys 100 units. If price elasticity of demand

is (-) 1, find out the new price.​

Answer 1

Here is the answer of following questions :-