Question

the quantity supplied of a commodity at rupees 10 unit is 125 its price elasticity is 1 calculate the price at which its quantity supplied will be 750​

Answer 1

Answer:

60

Explanation:

Price elasticity is 1, so the change is price is exactly same as change in demand,

For 125 units, price is 10 Rs

For 750 units , price is 60 Rs.