UGC NET
Ayushi Asked a Question
September 9, 2020 11:36 ampts 30 pts
  • UGC NET
  • Economics

.6 supply function, s = -10 + 4p +0.5p, what will be the supply at p =4 and elasticity of supply? atgtr t, s= -10 + 4p + 0.5 p t p = 4 t t gd i t 7 ans s= 14 an

.6 Supply function, S = -10 + 4p +0.5p, what will be the supply at p =4 and elasticity of supply? ATgTr T, S= -10 + 4p + 0.5 p T p = 4 T T gd i T 7 Ans S= 14 and 'E, = 1 S= 14 TT'E=1 S=14 and E,<1 S=14 T 'E,<1| S=10 and 'E, =5.14 S= 10 TT E, = 5.14 S= 14 and 'E,=5.14 S=14 TT E,= 5.14
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  • Nidhi taparia Best Answer
    I'm afraid none of these options are right. Based on my calculations, when p = 4, S = 14 and E = 2.28 Please refer to the attachment for the solution. Let me know if this matches...
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