Q.

If a dealer is prepared to supply 1000 sets of a 29” Color TV if the price is `12,000 per set, however if the price raises to `15,000 he is prepared to supply 1,500 pieces. The elasticity of supply of TV set is

A. 1
B. 2
C. 0.75
D. 1.4
Answer» B. 2
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