1.

Total revenue of a firm rises from Rs. 400 to Rs. 500 when the price of its product rises from Rs. 8 per unit to Rs. 10 per unit. Calculate the price elasticity of supply.

Answer»

Total revenue of a firm rises from Rs. 400 to Rs. 500 when the price of its product rises from Rs. 8 per unit to Rs. 10 per unit. Calculate the price elasticity of supply.



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