Question
Elasticity of supply refers to the degree of
responsiveness of supply of a commodity to changes in its:Solution
Elasticity of supply measures the degree of responsiveness of quantity supplied to a change in own price of the commodity
A, B and C invest Rs 50,000, Rs 40,000 and Rs 60,000 respectively in a business. A invests for 12 months, B for 9 months and C for 8 months. If the tota...
Three friends, Palak, Shinu, and Riya, joined forces to start a partnership business, contributing money in the ratio of 5:4:2, respectively, for a dura...
A and B started a business by investing Rs.300 and Rs.400 respectively. After 6 months, A increased his investment by Rs.800. Find the ratio of annual p...
Three friends A, B and C entered into partnership by investing Rs. 15X, Rs. (3X + 26) and Rs. (1000 – 6X) respectively. The ratio of the time period o...
‘X’ and ‘Z’ began a business with investments of Rs. 5,500 and Rs. 11,000 respectively. After 5 months, ‘Y’ entered the business contributin...
In a business there are two partners ‘P’ and ‘Q’. ‘P’ started the business with the capital of Rs. 24000 and after 3 months ‘Q’ joined h...
Pipe ‘A’ can fill a tank in 10 hours whereas pipe ‘B’ can empty it in 20 hours. If both pipes are opened together while pipe ‘B’ is closed a...
A invest twice the sum invested by B and withdraws half of sum after 5 months and again withdraws half of the remaining sum after 5 months. Find ratio o...
'Aman', 'Bittu' and 'Charu' started a business together such that 'Aman' invested a 40% of the total capital invested by 'Aman', 'Bittu' and 'Charu' tog...
A and B enter into a partnership with their initial sum of Rs.35000 and Rs.45000 respectively. After 6 months, a third person C also joins them with his...
