At price of Rs. 8 per unit, the quantity supplied of a commodity is 200 units. Its price elasticity of supply is 1.5 . If its price rises to Rs. 10 per unit , calculate its quantity supplied at the new price .

At price of Rs. 8 per unit, the quantity supplied of a commodity is 20

1.	At price of Rs. 8 per unit, the quantity supplied of a commodity is 200 units. Its price elasticity of supply is 1.5 . If its price rises to Rs. 10 per unit , calculate its quantity supplied at the new price .
Answer» <P> Solution :`E_(s)=(P)/(Q_(s))XX(DeltaQ_(s))/(DeltaP)` `1.5=(8)/(200)xx(DeltaQ_(s))/(2)` `8DeltaQ_(s)=600` `DeltaQ_(s)=75` New `Q=Q_(s)+DeltaQ_(s)=200+75=275` UNITS