Economics 9708 · AS & A Level · Price elasticity of supply

Price elasticity of supply — practice question

SX, SY and SZ show the supply curves for goods X, Y and Z. When the price of each of the three goods increases from $5 to $10, what are the values of their price elasticity of supply?

  • Agood X equal to 1; good Y equal to 1; good Z equal to 1
  • Bgood X equal to 1; good Y greater than 1; good Z greater than 1
  • Cgood X less than 1; good Y equal to 1; good Z greater than 1
  • Dgood X less than 1; good Y greater than 1; good Z greater than 1

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