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Price elasticity of supply of a commodity is 1. Its price rises from Rs.20 to Rs.24 per unit and its supply rises by 300 units.

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Price elasticity of supply of a commodity is 1. Its price rises from Rs.20 to Rs.24 per unit and its supply rises by 300 units. Calculate its supply at the original price of Rs.20 per units.

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∴ Quantity Supplied at Rs. 20 is 1500units

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