Mathematics · Elasticity of Supply
If the quantity supplied of a commodity increases from 50 to 100 units due to a rise in price from ₹10 to ₹20, the price elasticity of supply is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Zero
- 2Less than 1
- 3Equal to 1✓
- 4Greater than 1
Correct answer
Equal to 1
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