The Supply function is given as Q = -100 + 10P. Find the elasticity using point method when price is Rs 15

CA Foundation · Business Economics · MTP · September 2025
The Supply function is given as Q = -100 + 10P. Find the elasticity using point method when price is Rs 15
(A) A. 4
(B) B. 3
(C) C. -5
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. 3

Topics: Theory of Demand and Supply

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