Due to an increase in price of product X from ₹ 100 to ₹ 110 quantity supplied increases from 150 units to 200 units. Calculate elasticity of supply…
CA Foundation · Business Economics · PYQS · May 2025
Due to an increase in price of product X from ₹ 100 to ₹ 110 quantity supplied increases from 150 units to 200 units. Calculate elasticity of supply using arc-elasticity method.
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. 3
Topics: Theory of Demand and Supply
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