Q. If a dealer is prepared to supply 1000 sets of a 29” Color TV if the price is `12,000 per set, however if theprice raises to `15,000 he is prepared to supply 1,500 pieces. The elasticity of supply of TV set is (Solved)
1. 1
2. 2
3. 0.75
4. 1.4
- b. 2