The  price of a commodity  is ₹10 per unit and its  quantity  supplied  is 500 units. If its  price
Channel: Doubtnut
Date: 03/05/2020

The  price of a commodity  is ₹10 per unit and its  quantity  supplied  is 500 units. If its  price  falls  by 10 per cent and  quanity  supplied  falls  to 400 units, Calculate its  price  elasticity of supply.