At a price of rs.5 per unit of commodity A, total revenue is rs. 800.when its price rises by 20% total revenue increases by rs 400, calculate its price elasticity of supply?

At a price of rs.5 per unit of commodity A, total revenue is rs. 800.w

1.	At a price of rs.5 per unit of commodity A, total revenue is rs. 800.when its price rises by 20% total revenue increases by rs 400, calculate its price elasticity of supply?
Answer» TION:ELASTICITY of supply =(change in QUANTITY/change in price× ORIGINAL price/original quantity) 40/1 × 5/160 elasticity of supply = 1.25