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Standard XII

Mathematics

Graphical Method of Solving Linear Programming Problems

If the price ...

Question

If the price of apples rises from $R s . 30$ per kg to $R s . 40$ per kg and the supply increases from $240 k g$ to $300 k g$ , Elasticity of supply is _________.

.75

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.67

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(-) .67

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(-) .75

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Solution

The correct option is D $.75$
$E s = \frac{△ q}{△ p} \times \frac{p}{q}$
$△ q = (300 - 240) = 60$
$△ p = (40 - 30) = 10$
$= \frac{60}{10} \times \frac{30}{240}$
$= .75$ .

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If the price of apples rises from Rs.30 per kg to Rs.40 per kg and the supply increases from 240 kg to 300 kg, Elasticity of supply is _________.

The correct option is D .75Es=△q△p×pq△q=(300−240)=60△p=(40−30)=10=6010×30240=.75.

If the price of apples rises from $R s . 30$ per kg to $R s . 40$ per kg and the supply increases from $240 k g$ to $300 k g$ , Elasticity of supply is _________.

The correct option is D $.75$
$E s = \frac{△ q}{△ p} \times \frac{p}{q}$
$△ q = (300 - 240) = 60$
$△ p = (40 - 30) = 10$
$= \frac{60}{10} \times \frac{30}{240}$
$= .75$ .