Question

when the when the price of a commodity Rises from Rs 10 to 11 its quantity supplied Rises by 100 units. Its Es= 2, calculates its quantity supplied at the increased price​

Answer 1

Answer =1200

P1=10

P2=11

Q1=100

Q2=x

Let the change in quantity supplied after price change be x

Change in price =11-10=1

Change in quantity supplied =x-100

Now,

Es={(x-100)*10}/100

2+100=10x

12000/10=x

X=1200

Answer 2

ITS 100% CORRECT

MY NAME IS DHRUV GUPTA

ITS VERY EASY QUESTION............