Aster public School, Greater Noida West

Class-11th SUPPLY Worksheet 2

1. There are three firm A,B and C in the market. The supply schedule for the market and that
for firms A and B given below. Prepare the supply for firm C.

Price (RS) Firm A Firm B Firm C Market

(units) (units) (units) supply

1 15 30 - 57

2 20 40 - 80

3 25 50 - 100

2. Calculate elasticity of supply, when price rises from Rs 2 per units to Rs 3 per units and
supply rises from 20 units to 30 units. Also comment on the elasticity.
3. At a price of Rs 40 per unit, the quantity supply of a commodity is 400 units. When its price
falls by 10 %, its quantity supplied falls by 36 units. Calculate its elasticity of supply.
4. The price elasticity of supply of commodity R is ½ of price elasticity of supply of commodity
S. When price of R falls by 50 %, its supply falls by 20 units. Calculate price elasticity of supply
of commodity R and S if 100 units of R were supplied at price of Rs 4 per units.
5. The elasticity of supply of a commodity is 3. An increase in its price from Rs 20 to 21 per unit
results in a rise in its quantity supplies by 150 units. calculate its quantity supplied at the
increased price.
6. If ratio of change in quantity to quantity is 0.4 and elasticity of supply is 1.25, calculate the
percentage change in price.
7. When the price of a good rises from Rs 20 per unit to Rs 30 per unit, the revenue of the firm
producing the good rises from Rs 100 to Rs 300, Calculate the price elasticity of supply.
8. A firm sells 1,000 units of a product at price of Rs10 per unit. Its price elasticity of supply is 3.
How many units will the firm be able to sell if price falls to Rs 7.50 per unit?
9. The supply curve of commodity ‘B’ passes through the origin and makes an angle of 60
degree. When its price rises by 40%, its quantity supplied rises by 10 units. Calculate its
original supply.
10. When price of a commodity falls by just 10%, the total revenue of a firm become half of the
original total revenue. If at the new price of Rs 45, only 10 units are suppled, calculate
original quantity and price elasticity of supply.