Option 2: 275 units -> Using the price elasticity of supply formula: Es = (ΔQ/Q₁)/(ΔP/P₁). Here, ΔP = ₹10 - ₹8 = ₹2, so (ΔP/P₁) = 2/8 = 0.25. Given Es = 1.5, we have: 1.5 = (ΔQ/200)/0.25, which gives ΔQ = 1.5 × 0.25 × 200 = 75 units. Therefore, new quantity supplied = 200 + 75 = 275 units. Price elasticity of supply measures the responsiveness of quantity supplied to price changes; an elasticity of 1.5 means a 1% increase in price leads to a 1.5% increase in quantity supplied. -> correct
At a price of ₹8 per unit, the quantity supplied of a commodity is 200 units. If its price elasticity of supply is 1.5, if the price rises to ₹10 per…
CUET UG 2025 — Economics Micro
2025mcqmedium
At a price of ₹8 per unit, the quantity supplied of a commodity is 200 units. If its price elasticity of supply is 1.5, if the price rises to ₹10 per unit, calculate the quantity supplied at the new price?
Official previous-year question
Held on 3 Jun 2025 · Verified 13 Jul 2026.
Options
- A
200 units
- B
275 units
- C
125 units
- D
100 units
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