The Supply function is given as q = 120 - 6p. Find the elasticity of supply, when price is 10.
CA Foundation · Business Economics · PYQS · January 2025
The Supply function is given as q = 120 - 6p. Find the elasticity of supply, when price is 10.
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. +2/3
Topics: Theory of Demand and Supply
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