Due to decrease in price form Rs. 15/unit to Rs.10/unit, supply of a c – InterviewSolution

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1.	Due to decrease in price form Rs. 15/unit to Rs.10/unit, supply of a commodity falls from 100 units to 50 units. Find price elasticity of supply.
Answer» `{:(" P 15"),(" P"_(1)" 10"),(ulbar(DeltaP" -5")):}" "{:("Q 100"),("Q"_(1)" 50"),(ulbar(Delta-50)):}" "P.e_(S)=(15)/(100)xx(-50)/(-5)((P)/(Q)xx(DeltaQ)/(DeltaP))` `P.e_(S)=1.5` (Greater than unitary elastic.)

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