Plz solve .. 410
Progressive Introductory Microeconomics
24. At a price of per unit of commodity A, total revenue is 000. When its price
rises by 20%, total revenue increases by {400. Calculate its price elasticity of
supply.
Ans. 1.25 (CBSEDelhi 2010)
25. The price of a good is e 10 per unit and total revenue from it is {1000. The price
elasticity of supply is 0.8. The price of the good falls by 10 percent. Calculate
Ans. 028 (CBSE India 20110
total revenue from the reduced price.
When price of a good falls from {10 to per unit, total revenue declines from
e 1200 to 018. Calculate its price elasticity of supply. (CBSE All India 201 IC)
Ans. 1.5
7. A firm received revenue of {3600 when the price ofa commodity was {20 per unit•
Its revenue falls to 0700 when price increased by 10%. Calculate the elasticity
Ans. 1.67
of supply.
8. The ratio of change in price (AP) to original price (P) for a good is O. 10. If price
elasticity of supply is 1.5. Calculate percentage change in supply.
37.
38.
39.
40.
41.
