If the price of Wheat increases from ₹1,800 per Quintal to ₹2,200 per Quintal and consequently the quantity supplied, rises from 2,000 Quintal to…
CA Foundation · Business Economics · PYQS · January 2025
If the price of Wheat increases from ₹1,800 per Quintal to ₹2,200 per Quintal and consequently the quantity supplied, rises from 2,000 Quintal to 3,200 Quintal. Calculate the elasticity of supply.
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. +1.7
Topics: Theory of Demand and Supply
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