The supply function is given as Q = 100 + 10P. Find the elasticity of supply using point method, when price is ₹ 15.
A. 4
B. – 3
C. – 5
D. 3
Answer:D
The supply function is given as Q = 100 + 10P. Find the elasticity of supply using point method, when price is ₹ 15.
A. 4 B. – 3 C. – 5 D. 3