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Management · Q420

Managerial Economics

Graduate and Post Graduate · Management · question 420

Q420

A company supplies 20 units of a particular product per month, at a price of Rs. 10 per unit. If price elasticity of supply is 5, how many units would the company supply at a price of Rs. 15?

A.
50
B.
70
Answer
C.
40
D.
5

Answer: Option B

Solution

Answer: Option B
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