In the above supply and demand curve, no Maggies will be supplied unless the price is above
Rs. 25
Rs. 20
Rs. 10
Rs. 15
In the supply curve of Maggies, the supply is zero when the price is below Rs. 10
A firm earns a revenue of Rs. 50 when the market price of a good is Rs. 10. The market price increases to Rs. 15 and the firm now earns a revenue of Rs. 150. What is the price elasticity of the firm's supply curve?
A firm earns a revenue of Rs 50 when the market price of a good is Rs 10. The market price increase to Rs 15 and the firm now earns a revenue of Rs 150. What is the price elasticity of the firm’s supply curve?