Quantity supplied of a product at Rs. 8 per unit is 200 Units. If
the price elasticity of supply is 1.5, what
will be the quantity supplied at Rs. 10 per unit?

(D) Price Elasticity of Supply = (% change in quantity supplied. / (%
change in price)
1.5 = ((x-200)*100/200)/((10-8)*100/8)
1.5 = ((x-200)/2)/(200/8)
1.5 = ((x-200)/2)/25
1.5 = (x-200)/50
75 = x-200
x = 75+200
x = 275