Option 3: 1000 -> Using the price elasticity of supply formula: Es = (% change in quantity) / (% change in price). Given Es = 2, initial price = Rs 10, new price = Rs 30, and initial quantity = 200 units. The % change in price = (30-10)/10 = 200%. Since Es = 2, the % change in quantity = 2 × 200% = 400%. Therefore, the new quantity = 200 + (400% of 200) = 200 + 800 = 1000 units. -> correct
At the market price of Rs 10, a firm supplies 200 units of a good. If the market price increases to Rs 30, and the price elasticity of the firm's…
CUET UG 2025 — Economics Micro
2025mcqmedium
At the market price of Rs 10, a firm supplies 200 units of a good. If the market price increases to Rs 30, and the price elasticity of the firm's supply is 2. Then at new price what quantity will be supplied by the firm?
Official previous-year question
Held on 28 May 2025 · Verified 13 Jul 2026.
Options
- A
1200
- B
1400
- C
1000
- D
800
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