Q no. 30,31,32,33 ...please give me salutation fastly......tomorrow is my exam
Q no. 30,31,32,33 ...please give me salutation fastly......tomorrow is my exam 9.56
Introductory Microeconomics
Calculation of Price Elasticity of Supply (When total receipts are given)
30. A firm received 2,000, when price of the commodity was 40 per unit. The revenue increased to
3,000, when price increased to 50 per unit. Calculate the price elasticity of supply?
(Eszo.8J
31. The receipts of a firm are 6,000 when the price of a good is 100 per unit. When price increases to
120 per unit, the receipts increase to 7,800. What is the price elasticity of supply?
32. Total revenue is e 400 when the price of the commodity is 2 per unit. When price rises to 3 per unit,
the quantity supplied is 300 units. Calculate the price elasticity of supply.
{CBSE, All India 2010}
33. The total receipts of a firm gets doubled due to a 20% rise in price of commodity X. If the original
supply was 30 units at a price of 100, calculate price elasticity of supply. Also calculate quantity at
the increased price.
{Es 3.33; Quantity at the increased price (Or New Quantity) = 50 units)
Miscellaneous Practicals
34. The price of a commodity is 10 per unit and total revenue from it is I ,OOO. Its price elasticity
supply is 0.8. Its price fails by 10 percent. Calculate the total revenue at the reduced price.
{CBSE, All India Comptt. 2011 (l)
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35. When the price of a commodity rises by 10 percent, its supply rises by 40 units. Its elasticity of suppl
is I. Calculate its supply at the original price.
{CBSE, Delhi Comptt. 2012 (l
goo uni
36. When the price of a commodity falls from 10 per unit toe 9 per unit, total revenue from it falls fri
I ,200 to 918. Calculate its elasticity of supply.
{CBSE, All India compt. 2011
37. A firm sells 1,000 units ofa product at price OR 10 per unit. Its price elasticity of supply is 3. How n
units will the firm be able to sell if price falls to 7.50 per unit?
{CBSE, Delhi Comptt. 2
(25C
8. When the price of a commodity rises from 10 to e II per unit, its quantity supplied by 100 un
price elasticity of supply is 2. Calculate its quantity supplied at the increased price.
{CBSE, All India
{6
3. A firm supplies 500 units of a good at a price of 5 per unit. The price elasticity of supply Of t!
is 2. At what price will the firm supply 700 units?
{CBSE, All India co
A producer supplies 200 units of a good at 10 per unit. Price elasticity of supply is 2. H
{CBSE, Delhi co
