Economy, asked by suhaanigupta20, 2 months ago

The price elasticity of supply of a commodity is 2. When its price falls from Rs. 10 per unit to Rs. 8 per unit, its quantity supplied falls by 500 units. Calculate the quantity supplied at the reduced price.

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Answered by prachibhardwaj0987

Answer:

The price elasticity of supply of a commodity is 2. When its price falls from Rs. 10 to Rs. 8 per unit, its quantity supplied falls by 500 units . Calculate

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The price elasticity of supply of a commodity is 2. When its price falls from Rs. 10 per unit to Rs. 8 per unit, its quantity supplied falls by 500 units. Calculate the quantity supplied at the reduced price.​

Answers

The price elasticity of supply of a commodity is 2. When its price falls from Rs. 10 per unit to Rs. 8 per unit, its quantity supplied falls by 500 units. Calculate the quantity supplied at the reduced price.