At price of Rs. 8 per unit, the quantity supplied of a commodity is 200 units. Its price elasticity of supply is 1.5 . If its price rises to Rs. 10 per unit , calculate its quantity supplied at the new price .
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`E_(s)=(P)/(Q_(s))xx(DeltaQ_(s))/(DeltaP)`
`1.5=(8)/(200)xx(DeltaQ_(s))/(2)`
`8DeltaQ_(s)=600`
`DeltaQ_(s)=75`
New `Q=Q_(s)+DeltaQ_(s)=200+75=275` units